Archive · 20 Jun 2025
Shah Announces Cooperative Sector Initiatives, Maharashtra Focus
The Indian government is expanding cooperative businesses to help the economy and create jobs, especially in rural areas.
They plan to start a new insurance company for cooperatives and open two lakh new local cooperative groups that offer various services.
The government has also resolved a major tax issue for sugar factories to further support the sector.
The goal is to boost the cooperative sector to provide more jobs and opportunities, especially in rural areas.
Government will establish a cooperative insurance company.
Two lakh new Primary Agricultural Cooperative Societies (PACS) will be established across India.
PACS will offer multiple services, including petrol pumps and ticket bookings.
The government aims to strengthen the cooperative movement, creating a national database.
The government has resolved a Rs 15,000 crore income tax issue for cooperative sugar factories in Maharashtra.
- Who
- Union Minister Amit Shah
- What
- The government is promoting the cooperative sector by establishing new entities and resolving financial issues.
- When
- Announcements were made on Friday.
- Where
- India, with a focus on Maharashtra.
- Why
- To strengthen the rural economy and boost job creation.
- Minister
- Amit Shah
- New Initiative
- Cooperative insurance company
- PACS
- Two lakh new to be established
- PACS services
- Petrol pumps, ticket bookings, etc.
- Tax Relief
- Rs 15,000 crore for sugar factories
Sources
Cooperative sector grew unevenly in country, govt taking steps for its symmetrical growth: Shah
GDP alone cannot decide country’s growth, Amit Shah
Amit Shah, Devendra Fadnavis Back Co-operatives As Key Rural Growth Engines
