India Launches New Policy to Boost Cooperative Sector

India is launching a new plan to help local groups called cooperatives.

These are like small businesses where people work together.

The government wants to have at least one cooperative in every village, so everyone can join and benefit.

This new plan aims to make these groups better by helping them be more professional, open, and financially stable.

It's like giving them a boost so they can help India become a developed country by 2047.

The policy also seeks to strengthen the foundation of co-operatives by creating a conducive legal and regulatory environment, provide autonomy, promote transparency, ease of doing business, good governance and provide level playing field for cooperatives.