In her seventh budget speech, Finance Minister Nirmala Sitharaman put forth the introduction of the National Co-operation Policy to bring about “systematic, orderly and all-round policy” for developing the co-operative sector. The policy would endeavour to “fast track the growth of the rural economy and generate employment opportunities on a large scale”.
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Ms Sitharaman informed the house that she has made a provision of Rs 1.54 lakh crore this year for agriculture and allied sectors. In response to a question in the Lok Sabha earlier this year in February, Union Minister for Cooperation Amit Shah had informed 20,638 Agriculture and Allied Cooperative Societies (Non-credit) were operational in addition to 92,516 Primary Agriculture Credit Societies (PACS).
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Finance Minister Nirmala Sitharaman is presenting her seventh consecutive budget. Prior to Tuesday, Ms Sitharaman has presented six full and one interim budget.
