New Delhi: Prime minister Narendra Modi has created new ministry- Co-operation- few hours ahead of the cabinet reshuffle.

This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.

It will help deepen Co-operatives as a true people based movement reaching upto the grassroots.

In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility. 

The ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS). 

The Central government has signaled its deep commitment to community based developmental partnership. Creation of a separate ministry for co-operation also fulfils the budget announcement made by the finance minister.