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Cooperative sector sees new avenues for expansion in 2023

The ear 2023 saw a newly set up Cooperation Ministry coming out with several initiatives including model bye-laws for making PACS multipurpose and a national cooperative body to promote exports in a bid to give further boost to the cooperative movement and open new avenues for the cooperative

cooperative sector: Cooperative sector sees opening of new avenues for expansion in 2023

Cooperation Ministry introduced various initiatives in 2023. These included the formulation of model bye-laws to render Primary Agricultural Credit Societies (PACS) multipurpose. Additionally, a national cooperative body was established to facilitate exports, aiming to enhance the cooperative movement and create opportunities for the expansion of cooperative societies. Established in July 2021, the new ministry, led by Amit Shah, undertook significant measures to strengthen the cooperative sector within a brief timeframe, as per an official statement.

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