Question
With reference to the National Cooperative Policy 2025,
consider the following statements: 1.The policy aims to triple the contribution of cooperatives to GDP by 2034 and expand their presence into non-traditional sectors like tourism, taxi services, insurance, and green energy. 2.It sets a target of establishing 2 lakh PACS by February 2026, while also increasing cooperative societies from 8.3 lakh to 10.7 lakh. 3.The policy was drafted by a 48-member committee chaired by Suresh Prabhu after consultations with 648 stakeholders. Which of the above statements is/are correct?Solution
• Statement 1 – Correct:  The National Cooperative Policy 2025 (replacing the 2002 policy) aims for a threefold increase in GDP contribution by 2034. It also expands beyond traditional areas into tourism, taxi services, insurance, and green energy, with profits funneled to PACS for grassroots development. • Statement 2 – Correct:  The policy sets ambitious goals: o Increase cooperatives from 8.3 lakh to 10.7 lakh. o Establish 2 lakh PACS by February 2026. o Bring 50 crore inactive people into the cooperative system. • Statement 3 – Correct:  The policy was formulated through a consultative process with 648 stakeholder inputs, under the leadership of a 48-member committee chaired by Suresh Prabhu.
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