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Context:

• The Indian government is drafting a new National Cooperation Policy to strengthen the cooperative sector by increasing openness, modernization, and competitiveness.

About the Scheme:

• The Ministry of Cooperation's futuristic vision, 'Sahkar se Samriddhi,' intends to build an administrative, legal, and policy framework to foster the cooperative movement in the country
• The administration has resolved to draught a new National Cooperation Policy in order to promote prosperity through cooperation.
• Stakeholders such as various ministries, departments of the federal and state governments, cooperative federations, NABARD, and other cooperative institutions will be consulted on this strategy.
• The system will be strengthened by the combined efforts of the centre and the states, which will aid in the implementation of developmental programmes.

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