Relevance:
Union Cabinet approved setting up of 3 National Level multistate cooperative society under the Multi State Cooperative Societies (MSCS) Act, 2002 which will help in achieving the goal of ‘Sahakar-se-Samriddhi’ (Prosperity through Cooperation) through inclusive growth model of cooperatives.
News Summary:
- National Multi- State Cooperative Export Society –
- Act as umbrella organization for exports of surplus goods/service.
- Primary to national level cooperatives societies.
- National Multi- State Cooperative Organic Society –
- Unlock demand and consumption of organic products in domestic and global markets.
- Provide institutional support for aggregation, certification, storage, processing etc.
- National Multi- State Cooperative Seed Society –
- Act as an apex organization for production, procurement, processing, branding, labelling, packaging, storage, marketing and distribution of quality seeds.
- Develop system for preservation and promotion of indigenous natural seeds.
Knowledge+:
- Though ‘Cooperative Societies’ is a State Subject, MSCS is regulated by Centre under MSCS, Act 2002.
- MSCS are cooperative societies whose activities are not confined to one state and serve interests of individuals in more than one state.
- Ministry of cooperation is planning to set up world’s largest university for cooperative sector for promoting cooperative education, training, research and development.
Reference: Business Standard
