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.
The ERD preparatory work now under way will determine how forcefully Bangladesh presses its own priorities when the two sides sit down later this year.
Analysts project that without such investments, ongoing global risks – geopolitical, climatic, and logistical – could keep prices elevated and margins tight for farmers into 2026 and beyond.
The ERD preparatory work now under way will determine how forcefully Bangladesh presses its own priorities when the two sides sit down later this year.
Analysts project that without such investments, ongoing global risks – geopolitical, climatic, and logistical – could keep prices elevated and margins tight for farmers into 2026 and beyond.