India Establishes National Cooperative University
The Government of India is taking significant steps to enhance the cooperative sector in the country. On February 15, 2025, in Pune, Union Minister of State for Cooperation Muralidhar Mohol announced the introduction of a bill to establish a national cooperative university. This initiative aims to promote cooperation as a means to achieve prosperity. The bill has been presented to the Lok Sabha during the budget session and will be discussed for approval in the upcoming session. This move reflects the government’s commitment to strengthening the cooperative framework in India.
International Conference on Cooperatives
A three-day international conference recently concluded at the Vaikunth Mehta National Cooperative Society (VAMNICOM) in Pune. The conference, organized by the Union Ministry of Cooperation, focused on the theme “Generating Prosperity through Cooperatives: Digital Innovation and Value Chain.” Union Minister Muralidhar Mohol served as the chief guest at the event. He emphasized the importance of the cooperative sector in driving sustainable development in rural areas. The conference marked the first event of the International Year of Cooperatives, as proclaimed by the United Nations General Assembly for 2025.
The conference attracted around 36 delegates from 12 countries, including Nepal, Bhutan, Bangladesh, and Kenya. This diverse participation highlights the global interest in cooperative models. The discussions centered on various topics, including digital innovation in cooperatives, sustainability, and the challenges and opportunities within the value chain. Experts shared insights and strategies to enhance the effectiveness of cooperatives in generating prosperity.
Strengthening Cooperative Relations
During the conference, Minister Mohol expressed his appreciation for the efforts of the Center for International Cooperation and Training in Agricultural Banking (CICTAB) and VAMNICOM in organizing the event. He noted that the conference would strengthen cooperative relations with participating countries from Asia and Africa. The theme for the International Year of Cooperatives, “Cooperatives Build a Better World,” underscores the global commitment to cooperative principles.
The minister highlighted the government’s ongoing efforts to bolster cooperative banks, which play a crucial role in rural development. He reiterated that cooperation is essential for achieving sustainable growth and prosperity in India. The conference served as a platform for sharing best practices and fostering collaboration among nations, emphasizing the importance of cooperative models in addressing global challenges.
Future Prospects for Cooperatives in India
The establishment of a national cooperative university is a significant step toward enhancing the cooperative sector in India. This initiative aims to provide education and training in cooperative management, ensuring that future leaders are well-equipped to navigate the complexities of the cooperative landscape. By focusing on digital innovation and value chains, the university will play a vital role in modernizing the cooperative sector.
As the world moves towards more sustainable and inclusive economic models, cooperatives are increasingly recognized for their potential to drive positive change. The government’s commitment to cooperation aligns with global trends, where cooperatives are seen as a means to empower communities and promote social equity. With the International Year of Cooperatives on the horizon, India is poised to take a leading role in showcasing the benefits of cooperative models both domestically and internationally.
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