India's National Cooperative Policy 2025-45

India has announced its ambitious National Cooperative Policy for 2025-45, aiming to significantly bolster the cooperative movement across the nation. The policy's centerpiece is the establishment of two lakh Primary Agricultural Credit Societies (PACS) by February 2026, marking a substantial expansion from the current figures. This initiative underscores the government's commitment to strengthening grassroots economic structures and enhancing rural financial inclusion. The policy envisions the presence of cooperatives in every village, aiming to empower local communities and drive sustainable development. By fostering cooperative societies, the government seeks to create a robust framework for collective economic activities, which can enhance productivity and ensure equitable distribution of resources. This initiative is expected to address critical issues such as rural unemployment and agricultural inefficiencies, providing a structured platform for community-driven progress. Experts believe that this comprehensive policy could transform the rural economic landscape by integrating cooperative principles into the fabric of village life. The government's approach aligns with its broader objective of inclusive growth, ensuring that even the most remote areas benefit from structured economic initiatives. As implementation progresses, the focus will be on capacity building, training, and resource allocation, ensuring that the envisioned cooperatives are both sustainable and effective in achieving their goals.

— Authored by Next24 Live