New schemes under cooperation ministry to be rolled out from next fiscal: Amit Shah

The government has envisaged the introduction of new schemes to strengthen cooperative societies from the financial year 2022-23 onwards, Union Cooperation Minister Amit Shah told Parliament. In his written reply to the Upper House, Shah said that currently, there is only one scheme, namely the Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC), for the promotion and development of the cooperative sector across the country.

Under CSISAC, assistance is given to National Cooperative Development Corporation (NCDC), Cooperative Education and Training; and National Cooperative Federation, he said.

“With the formation of a new ministry, the introduction of new schemes from the financial year 2022-23 onwards is envisaged,” Shah said.

The new Ministry of Cooperation was created in July 2021 to strengthen the cooperative movement in the country.