The new Ministry of Cooperation hasn’t encroached upon the jurisdiction of the States on the subject of Co-operation, said Union Cooperation Minister Amit Shah while replying to a query raised by the Rajya Sabha member Dr. Fauzia Khan.
“The Ministry of Cooperation has been created with the mandate of inter alia realizing the vision “from cooperation to prosperity”, strengthening the cooperative movement and deepening its reach up to the grassroots, promotion of cooperative-based economic development model including the spirit of responsibility among its members to develop the country, creation of appropriate policy, legal and institutional framework to help cooperatives realise their potential”, Shah added in his reply.
He further said, “The Ministry of Cooperation is working in close coordination with the State Governments, various Ministries of the Central Government and all other stakeholders to achieve various objectives”.
The Cooperative Societies with objects not confined to one State are governed by Entry 44 of the List I – Union List of the Seventh Schedule to the Constitution and provisions of centrally administered Multi-State Co-operative Societies Act, 2002.
The Cooperative Societies with objects confined to one State are governed by Entry 32 of the List II – State List of the Seventh Schedule to the Constitution and provisions of respective State Cooperative Societies Act.
The subject of “Banking” is governed by Entry 45 of the List I – Union List of the Seventh Schedule to the Constitution, his reply concluded.