What ministry of cooperation does?
In simpler terms, this Ministry will work to simplify processes and ensure ease of doing business for cooperatives. It will also aid the development of multi-state cooperatives. By definition, a cooperative is a company that is owned and managed by the people who work in it. It can also be made up of several similar companies or organizations working together to meet common economic, social, and cultural needs and aspirations.
In India, the cooperative movement plays a crucial role in the agricultural, banking and housing sectors. Amul for example is an Indian dairy cooperative society that is managed by the Gujarat Co-operative Milk Marketing Federation Ltd and jointly owned by around 36 million milk producers in the western state.
With less than a day having passed since the formation of the new Ministry, there is not much clarity yet on how exactly it will function