Last Updated:
Prime Minister Narendra Modi states India sees a significant duty for cooperatives in its future development and in the last ten years, the nation has actually functioned to change the whole environment pertaining to cooperatives.
PM Narendra Modi talks at the ICA Global Cooperative Conference 2024 at the Bharat Mandapam, New Delhi.
Prime Minister Narendra Modi on Monday stressed the requirement to connect participating activity to round economic climate and advertise worldwide cooperation in the field. Addressing the ICA Global Cooperative Conference 2024 at the Bharat Mandapam right here, Modi claimed that for India, cooperatives are the basis of society and a lifestyle.
He even more claimed India sees a significant duty for cooperatives in its future development and in the last ten years the nation has actually functioned to change the whole environment pertaining to cooperatives.
“Our initiative is to make participating cultures multi-purpose,” he said, adding that with the objective in mind, the government of India created a separate cooperative ministry.
Modi said cooperatives are also playing a key role in the housing sector as well as in the banking segment.
There are about 2 lakh housing cooperative societies in the country.
He claimed the federal government has actually enhanced the participating financial field and changed it.
“India is among the fastest growing economies in the world. Our aim is to achieve high GDP growth and take the benefits to the poor. It is necessary for the world to see growth from a human-centric angle,” he said.
Stressing that there is a big opportunity for cooperatives in the world, Modi said there is a need to make cooperatives as flag bearers for integrity and mutual respect in the world.
“For this, we need to innovate our policies and strategize. To make cooperative climate resilient, we need to link it to the circular economy. We need to discuss ways to encourage startups in the cooperative sector,” he added.
Presently, about Rs 12 lakh crore are deposited in cooperative banks.
The Prime Minister also informed the gathering that his government is committed to further strengthening the cooperative movement, and about 2 lakh additional multi-purpose cooperative societies are being set up in villages.
He also lauded the role being played by women in furthering the cooperative movement, saying about 60 per cent of the members are women.
Modi said India believes that co-operativeness can provide new energy to global cooperation and can help countries, particularly in the Global South, achieve the kind of growth they need.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
Source link that there is a large chance for cooperatives on the planet, (*) claimed there is a requirement to make cooperatives as flag holders for honesty and common regard on the planet. (*)” (*) this, we require to introduce our plans and plan. (*) make participating environment durable, we require to connect it to the round economic climate. (*) require to go over methods to urge start-ups in the participating field, (*) 9 (*) story_para_9 (*) 10 (*) story_para_10 (*) 11 (*) story_para_11 (*) 12 (*) story_para_12 (*) disclaimer-content (*) jsx-fd74cbffd1271c8c jsx-483915178 brdcrmb (*) brdout” > (*) – (*): PM (*).
