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The Hindu
The Hindu
National
The Hindu Bureau

FOUND: Multi state cooperative bill passed by lok sabha | Mind Blowing Facts

Amit Shah Lok Sabha The Election Commission

The Multi-State Cooperative Societies (Amendment) Bill, 2023, which seeks to strengthen cooperatives by making them transparent and introduces a system of regular elections was passed by the Lok Sabha on Tuesday amid din.

Introducing the Bill, Union Cooperative Minister Amit Shah said the provisions in the Bill would initiate a new era for the sector, which has been ignored by the previous governments.

Mr. Shah said that the Bill seeks to reform the composition of the Board of multi-State co-operative societies, establishment of ‘Co-operative Election Authority’ which shall consist of a chairperson, vice-chairperson and members of the Union government alongside rehabilitation, reconstruction and development fund for the revival of “sick multi-State co-operative societies”.

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