Question
Which ministry provides a separate administrative, legal
and policy framework for strengthening the cooperative movement in the country?Solution
Ministry of Co-operation: The Union Ministry of Cooperation is a ministry under the Government of India which was formed in July 2021. The ministry provides a separate administrative, legal and policy framework for strengthening the cooperative movement in the country. The Union Cabinet expanded the scope of the public procurement portal Government e-Marketplace (GeM) to allow cooperative societies to register as buyers. The decision is expected to help cooperatives in getting competitive prices through an open and transparent process. More than 8,54,000 registered cooperatives and their 270 million members will be benefitted. While it is still not available for use by private sector buyers, the government, as well as the private sector, can become suppliers.
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