Overview

• Union Home and Cooperation Minister Amit Shah launched the policy in New Delhi on July 24, formally replacing the 2002 cooperative framework.
• The policy sets a village-level roadmap extending to 2045, targets 200,000 Primary Agricultural Credit Societies by February 2026, ensures a cooperative presence in every village.
• A 48-member committee led by Suresh Prabhakar Prabhu drafted the policy after 17 meetings and four regional workshops, integrating 648 stakeholder suggestions.
• It aims to professionalise cooperative institutions through modern governance, technology integration, inclusive management practices.
• Officials view the policy as central to achieving ‘Viksit Bharat 2047’ by boosting grassroots development, rural employment, financial inclusion.