Govt plans to enlist dairy, fishery co-operatives in rural banking outreach
The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday. Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act […]
Eying To Cash In The Booming Organic Market Via Cooperatives
With estimated global organic food market to be around Rs 10 lakh crore where India’s share is paltry 2.7 per cent, the Government is eying to harness the unlimited opportunities on the platter to boost income of farmers for which it has set up a national level cooperative society for organic products. The first-of-its-kind initiative […]
The many benefits of mapping cooperatives
A national database on cooperatives has been initiated by the Ministry of Cooperation for single-point access to information on cooperatives of different sectors and develop a process for better understanding of cooperatives. The proposed database shall facilitate all stakeholders in policy-making and implementation to strengthen the cooperative movement in the country. In the first phase […]
Budget 2022: Co-op societies get tax relief; will end injustice: Amit Shah
Cooperative societies will now have to pay a lower Alternate Minimum Tax, Finance Minister Nirmala Sitharaman announced on Tuesday, in a relief to the groups with members mostly from rural areas and the farming communities. AMT brings into the tax net companies or groups who, in spite of earning profits, pay “zero tax” due to […]
