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Statsguru: Performance and challenges of co-operative sector in India

Even though a fifth of these cooperatives are in the financial sector, their share has remained low

Topics
StatsGuru | Co-operative Bank | Banking sector

Ishaan Gera 



Cooperative banks
While cooperative institutions had overshot their agri credit target in 2015-16; two years later, they achieved 96 per cent of their target

Ever since the govern­ment announced the for­mation of a new Ministry of Co-operation — Home Minister Amit Shah is heading the ministry — there has been a renewed interest in the cooperative sector. The growth of cooperatives in the has been phenomenal. The number of cooperative societies in the country has nearly doubled from 484,508 in 2000-01 to 854,355 in 2016-17 (chart 1).

chart

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First Published: Mon, July 26 2021. 06:10 IST

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