Union Home Minister Amit Shah announced the launch of India’s first cooperative ranking framework, aimed at systematically evaluating the performance of cooperatives across key sectors. The system will assess Primary Agricultural Cooperative Societies (PACS), dairy, fisheries, urban cooperatives, housing credit, and Khadi and Village Industries Committees based on seven major parameters.
For the first time, cooperatives excelling in their fields will be recognized with awards at district, state, and national levels. Additionally, rankings will help cooperatives access loans from cooperative banks more efficiently.
Shah emphasized that Prime Minister Modi’s vision of ‘Sahkar se Samriddhi’ is being actively realized through continuous efforts by the Ministry of Cooperation. He also revealed plans for a large-scale cooperative taxi service, enabling the registration of two-wheelers, rickshaws, and taxis, ensuring that profits go directly to drivers.
Additionally, a cooperative insurance company is set to be launched soon, aiming to provide tailored insurance solutions within the cooperative framework. Shah expressed confidence that this initiative would quickly become the largest private-sector insurance provider in the country.
