Bastar hosts 9th National Review Workshop to turn Sahkar se Samriddhi into grassroots reality

Prelims-testable facts

• 01The Ministry of Cooperation is organizing the 9th National Review Workshop in Bastar, Chhattisgarh, under the theme 'Sahkar se Samriddhi — The Road Ahead: Scaling Impact through Cooperative Transformation'.
• 02The workshop aims to review progress under major cooperative initiatives, facilitate the exchange of successful practices and grassroots experiences among States, and develop outcome-oriented action plans for the next three months.
• 03The recent amendment to the NCDC Act has paved the way for extending financial assistance even to institutions that are not themselves cooperatives but are engaged in promoting cooperative development.
• 04The National Cooperative Development Corporation (NCDC) has emerged as a major institution providing financial and institutional support to the cooperative sector over the past two to three years.
• 05The Ministry of Cooperation is working in close coordination with the Reserve Bank of India to strengthen the resource-mobilisation capabilities of cooperative banks.
• 06The participation of NABARD's team in the Workshop would provide an opportunity for meaningful deliberations on financing various schemes and institutions.
• 07Cooperative banks serve as an important channel for delivering financial services to sections of society that often find it difficult to access adequate credit and other banking facilities from commercial and private banks.

Trap alerts

• Most people think the Ministry of Cooperation is responsible for implementing the cooperative sector's policies, but actually, the Ministry of Cooperation is responsible for coordinating and promoting the cooperative sector's development.