On July 2, cooperatives all around the world celebrated the 100th International Day of Cooperatives (#CoopsDay).
- This marks a decade from the United Nations International Year of Cooperatives 2012, The theme of 100th International Cooperative Day was “Cooperatives Build a Better World”.
- The aim of the International Day of Cooperatives is to increase awareness of cooperatives and promote the movement’s ideals of international solidarity, economic efficiency, equality and world peace.
- Cooperatives provide jobs to 10 percent of the employed population, and the 300 largest cooperatives or mutuals generate US $ 2,146 billion turnover.
- In order to give proper impetus to the cooperative sector, the Union Government had created the Ministry of Cooperation in July 2021.
- Recently the Union Cabinet has taken an important decision to further strengthen the cooperative sector by approving the computerization of Primary Agricultural Credit Societies (PACS) with the objective of increasing efficiency of PACS.
- The cooperative movement in India is the largest in the world. At present, cooperatives in India with a network of over 8.5 lakh covering 90 percent of the villages, are pivotal institutions for bringing socio-economic development for inclusive growth in both rural and urban areas. AMUL, IFFCO, KRIBHCO, NAFED, etc. are some of the well- known success stories of the cooperative movement in India.
- The earliest record of a co-operative comes from Scotland in March 14 1761. In 1844 a group of 28 artisans working in the cotton mills in north of England established the first modern co-operative business.
- More than 12% of humanity is part of any of the 3 million cooperatives in the world.
MORE HISTORY OF THE COOPERATIVE MOVEMENT
GS TIMES UPSC PRELIMS & MAINS CURRENT AFFAIRS BASED BASICS DAILY ONLINE TEST CLICK HERE
CLICK HERE DAILY CURRENT AFFAIRS QUIZ FOR STATE CIVIL SERVICES
MORE THAN 30 QUESTIONS FORM GS TIMES UPSC 2022 PRELIMS CURRENT AFFAIRS DAILY TEST
