In a significant boost to India’s cooperative movement, Union Home and Cooperation Minister Amit Shah on July 6, 2026, outlined a comprehensive expansion strategy during the fifth foundation day celebrations of the Ministry of Cooperation.
With direct procurement, digital transparency, and welfare measures, India’s cooperative movement is poised for significant growth, promising higher incomes for millions and greater food security for the nation.
A high-level committee (HLC), under the chairmanship of union home minister and minister of cooperation, Amit Shah, has approved Rs. 707.97 crore of additional central assistance to the states of Assam and Gujarat that were affected by flood and landslides in 2024.
He said that in their ambitious target to set up 2 lakh multipurpose cooperative societies in the country in 5 years, 35,395 new cooperative societies have been formed so far.
Emphasising on the extensive involvement of PACS in the food storage scheme, the Union Minister of Cooperation said that it is necessary to make PACS an integral part of this scheme so that the financial viability and social effectiveness of PACS can be ensured.
India faces a significant challenge in foodgrain storage, with a substantial gap between production and storage capacity, leading to potential losses and impacting food security.
Shah urged IFFCO and KRIBHCO to establish exemplary laboratories dedicated to seed production and research, positioning India as a global leader in agricultural innovation.
By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.
By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.
The plan underscores both the technical feasibility of continuous industrial monitoring at scale and the practical difficulties of extending such systems to thousands of smaller enterprises.
By documenting distinct national patterns while highlighting shared vulnerabilities, the assessment provides a common analytical foundation for policymakers, investigators and health authorities.
By addressing tariff distortions, policy unpredictability and underinvestment in knowledge and infrastructure, the country can better convert its agricultural strengths into higher export earnings, more productive jobs and broader economic gains.