 "cooperative, co-operatives, policy, governance")
The new national cooperative policy framed by a high-powered panel constituted by the Centre is believed to have recommended setting up an umbrella organisation under the oversight of the Reserve Bank of India and the National Bank for Agriculture and Rural Development for streamlining the credit structure and financing needs of cooperatives and collectives.
It has also called for rationalising the process of winding up and liquidation of a cooperative where revival is not possible within a reasonable timeframe, sources said.
The policy, being framed by the high-powered panel of experts under the chairmanship of former Union minister Suresh Prabhu,
