Cabinet gives nod to formation of national level multi-state cooperative export society

New Delhi, Jan 12 (KNN) The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved setting up and promoting a National Level multi-state cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002.

This will be done with support from relevant Ministries especially Ministry of External Affairs and Department of Commerce, Ministry of Commerce and Industry through their export related policies, schemes & agencies by following the ‘Whole of Government Approach’ for undertaking exports of all goods and services produced by cooperatives and related entities.

By acting as an umbrella organisation for carrying out and promoting exports the proposed society will provide thrust to exports from cooperative sector.

It will also help in unlocking export potential of Indian cooperatives in global markets.

This proposed society will also help cooperatives in getting benefits of various export related schemes and policies of different ministries of Government of India in a focussed manner through ‘Whole of Government Approach’.

The main aim is to achieve the goal of “Sahakar-se-Samriddhi” through the inclusive growth model of cooperatives where the members would benefit both by realization of better prices through export of their goods and services and also by dividend distributed out of the surplus generated by the society.  (KNN Bureau)