Union Minister Murlidhar Mohol Inaugurates New Head Office of Shri Bireswar Co-operative Credit Society in Belagavi, Karnataka
Distilled Policy Brief
- Under the 'Sahakar se Samriddhi' vision, over ₹3,000 crore has been sanctioned for the computerization of approximately 80,000 Primary Agricultural Credit Societies (PACS) across India, while diversifying PACS into 25 distinct business activities.
- The Ministry of Cooperation has established three national-level Multi-State Cooperative Societies involving nearly 70,000 cooperative institutions, launched the 'Sahakar Sarthi' platform for rural cooperative banks, and facilitated the National Urban Co-operative Finance and Development Corporation (NUCFDC) as an umbrella organisation for 1,500+ Urban Cooperative Banks.
- To meet the projected requirement of 17 lakh trained human resources in the cooperative sector over the next decade, the government is establishing the 'Tribhuvan' Cooperative University alongside driving digital transformation and structural reforms.
🎯 Prelims High-Yield Examination Points
Key institutional initiatives in the cooperative sector include NUCFDC as an apex umbrella entity for Urban Cooperative Banks, the 'Sahakar Sarthi' platform for rural cooperative banking, and the setup of the Tribhuvan Cooperative University for capacity building.
⚖️ Mains Analytical & Syllabus Linkages
Examine how modernizing Primary Agricultural Credit Societies (PACS) and establishing multi-state cooperative societies align with the vision of 'Sahakar se Samriddhi' to boost rural credit delivery and rural economy.
🎯 UPSC Prelims Practice Drill
Consider the following initiatives undertaken by the Ministry of Cooperation to strengthen the cooperative sector in India: 1. Over ₹3,000 crore has been sanctioned for the computerization of nearly 80,000 Primary Agricultural Credit Societies (PACS) to diversify them into 25 distinct business activities. 2. The National Urban Co-operative Finance and Development Corporation (NUCFDC) has been facilitated as an umbrella organization exclusively for rural cooperative banks. 3. The establishment of the 'Tribhuvan' Cooperative University is aimed at meeting the projected requirement of trained human resources in the cooperative sector. Which of the statements given above are correct?
- [A] 1 and 2 only
- [B] 2 and 3 only
- [C] 1 and 3 only
- [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
Statement 1 is correct because under the 'Sahakar se Samriddhi' vision, over ₹3,000 crore has been sanctioned for computerizing about 80,000 PACS, diversifying them into 25 business activities. Statement 2 is incorrect because the National Urban Co-operative Finance and Development Corporation (NUCFDC) functions as an umbrella organization for Urban Cooperative Banks (UCBs), not rural cooperative banks (which are supported by platforms like 'Sahakar Sarthi'). Statement 3 is correct as the 'Tribhuvan' Cooperative University is being established to address the requirement of 17 lakh trained human resources in the cooperative sector over the next decade.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.