With an aim to strengthen the cooperative movement in India, PM Narendra Modi government has decided to create a new Ministry of Cooperation, PTI reported, quoting official sources. 

The new ministry is being created for realising the vision of ‘sahkar se samriddhi’ (through cooperation to prosperity) and will provide separate administrative, legal and policy framework for strengthening the cooperative movement India.

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“It will help deepen Co-operatives as a true people based movement reaching upto the grassroots. In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility,” the government said in a press release. 

“The Ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS). The Central Government has signaled its deep commitment to community based developmental partnership. Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister,” the press release added. 

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This comes amid buzz that a massive cabinet reshuffle exercise will likely take place on Wednesday. A minister in charge for the new portfolio may also be named tomorrow. 

PM Modi will reshuffle his council of ministers for the first time since he
assumed the charge for a second term. 

Names
of several leaders are doing the rounds as probables for induction, among them are BJP leaders Sarbananda Sonowal, Jyotiraditya Scindia and Narayan
Rane. JD(U) leader R C P Singh and
LJP’s Pashupati Kumar Paras have also reached Delhi from Bihar.

A BJP leader told PTI the reshuffle is expected to be a “big shake-up.”