Ministry of Cooperation press release · 24 March 2026 · pibtracker filter

Grants To Cooperative Institutions

PRID2244576 MinistryMinistry of Cooperation Released24 March 2026 Reading15 min

Posted On: 24 MAR 2026 5:27PM by PIB Delhi Milk Unions, Cooperative banks, APMCs and State federations etc come under the purview of State Governments. The State Government extends financial assistance, including grants and other forms of support, to these cooperatives in accordance with their respective rules and regulations through various schemes of State. Additionally, Government of India, give benefits to cooperatives through various central sector and centrally sponsored schemes such as National Programme for Dairy Development (NPDD), Atmanirbharta Abhiyan, Sustainable Alternative Towards Affordable Transportation (Satat) Mission, Pradhan Mantri Matsya Sampada Yojana (PMMSY) etc. The applicability of the Right to Information Act, 2005 to cooperative institutions is governed by Section 2(h) of the Act, under which only those institutions which are substantially financed by the appropriate Government fall within its purview. The Multi-State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023 have been notified on 03.08.2023 and 04.08.2023, respectively to strengthen governance, enhance transparency, increase accountability and reform electoral process, etc. in the Multi State Cooperative Societies by supplementing existing legislation and incorporating the provisions of Ninety-seventh Constitutional Amendment. Many provisions have been introduced through the above amendment to enhance transparency in the functioning of cooperative societies, inter-alia: - To ensure timely, regular and transparent conduct of elections in the multi-State cooperative societies, provision of Cooperative Election Authority has been included. Appointment of Co-operative Ombudsman by Central Government to provide a mechanism to address grievances of members. To improve transparency, appointment of Information Officer by multi-State cooperative societies to provide information to members. Audit reports of Apex multi-State co-operative societies to be laid in Parliament to improve transparency. Accounting and auditing standards for multi-State cooperative societies to be determined by Central Government to ensure uniformity in accounting and auditing. To improve governance and transparency, annual report of multi-State cooperative societies to include Board decisions which are not unanimous. Central Government to determine prudential norms (liquidity, exposure, etc.) for multi- State co-operative societies in the business of thrift and credit. To curb nepotism and favoritism in multi-State co-operative societies, the Director of a multi-State cooperative society shall not be present in the discussion and vote on matters where he or his relatives are an interested party. Additional grounds for disqualification for directors have been made to improve governance. Provisions for Investment of funds by the multi-State cooperative societies have been redefined to ensure safer investments and remove references to colonial era securities. To have more financial discipline and transparency, the board of multi-State co-operative societies to constitute Committee for Audit and Ethics amongst other committees. For strengthening governance, criteria for appointment of Chief Executive Officer (CEO) stipulated. To enhance democratic decision making in the multi-State cooperative societies, quorum has been prescribed for board meetings. Central Registrar to conduct inquiry if he gets information that business is being conducted in a fraudulent manner or for unlawful purposes. If registration obtained by misrepresentation, fraud, etc., provision for winding up of a multi-State cooperative society after giving opportunity of being heard. To discourage members from acting against collective interests of the multi-State co- operative societies, the minimum period of expulsion of an expelled member of a multi- State co-operative society has been increased from 1 year to 3 years. To prevent a few members only benefitting from resources of the society, Institutions with majority equity shares held by the members of multi-State co-operative societies or their relatives, would not be considered as subsidiary institution. A provision for Concurrent Audit has been introduced for Multi-State Cooperative Societies with turnover/deposits of more than 500 crore rupees from a panel of auditors approved by the Central Registrar. Concurrent audit will ensure early detection of fraud or irregularities, if any, so that prompt course corrections can be made. As per the provisions of Section 70 of the Multi-State Cooperative Societies Act, 2002, every multi-State co-operative society is required to appoint an auditor or auditors at each Annual General Meeting. Such auditors or auditing firms are to be selected from a panel approved by the Central Registrar. The auditor so appointed is required to submit the audit report to the multi-State co-operative society within six months from the closure of the financial year to which the accounts relate. Further, as per Section 72 of the Multi-State Cooperative Societies Act, 2002, no person shall be qualified for appointment as an auditor of a multi-State co-operative society unless he is a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949. The existing provisions of the RTI Act already cover such institutions wherever they meet the criteria of substantially financed by Government. Further, a provision under amended section 106 of Multi-State Cooperative Societies Act, 2002 (as amended in 2023) has been made to appoint Cooperative Information Officer by all multi-State cooperative societies to provide information relating to affairs and management of the society to the members of the society. This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Lok Sabha. ******* AK/AP (Release ID: 2244576) Visitor Counter : 415 Read this release in: Urdu , हिन्दी Ministry of Cooperation Grants To Cooperative Institutions Posted On: 24 MAR 2026 5:27PM by PIB Delhi Milk Unions, Cooperative banks, APMCs and State federations etc come under the purview of State Governments. The State Government extends financial assistance, including grants and other forms of support, to these cooperatives in accordance with their respective rules and regulations through various schemes of State. Additionally, Government of India, give benefits to cooperatives through various central sector and centrally sponsored schemes such as National Programme for Dairy Development (NPDD), Atmanirbharta Abhiyan, Sustainable Alternative Towards Affordable Transportation (Satat) Mission, Pradhan Mantri Matsya Sampada Yojana (PMMSY) etc. The applicability of the Right to Information Act, 2005 to cooperative institutions is governed by Section 2(h) of the Act, under which only those institutions which are substantially financed by the appropriate Government fall within its purview. The Multi-State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023 have been notified on 03.08.2023 and 04.08.2023, respectively to strengthen governance, enhance transparency, increase accountability and reform electoral process, etc. in the Multi State Cooperative Societies by supplementing existing legislation and incorporating the provisions of Ninety-seventh Constitutional Amendment. Many provisions have been introduced through the above amendment to enhance transparency in the functioning of cooperative societies, inter-alia: - To ensure timely, regular and transparent conduct of elections in the multi-State cooperative societies, provision of Cooperative Election Authority has been included. Appointment of Co-operative Ombudsman by Central Government to provide a mechanism to address grievances of members. To improve transparency, appointment of Information Officer by multi-State cooperative societies to provide information to members. Audit reports of Apex multi-State co-operative societies to be laid in Parliament to improve transparency. Accounting and auditing standards for multi-State cooperative societies to be determined by Central Government to ensure uniformity in accounting and auditing. To improve governance and transparency, annual report of multi-State cooperative societies to include Board decisions which are not unanimous. Central Government to determine prudential norms (liquidity, exposure, etc.) for multi- State co-operative societies in the business of thrift and credit. To curb nepotism and favoritism in multi-State co-operative societies, the Director of a multi-State cooperative society shall not be present in the discussion and vote on matters where he or his relatives are an interested party. Additional grounds for disqualification for directors have been made to improve governance. Provisions for Investment of funds by the multi-State cooperative societies have been redefined to ensure safer investments and remove references to colonial era securities. To have more financial discipline and transparency, the board of multi-State co-operative societies to constitute Committee for Audit and Ethics amongst other committees. For strengthening governance, criteria for appointment of Chief Executive Officer (CEO) stipulated. To enhance democratic decision making in the multi-State cooperative societies, quorum has been prescribed for board meetings. Central Registrar to conduct inquiry if he gets information that business is being conducted in a fraudulent manner or for unlawful purposes. If registration obtained by misrepresentation, fraud, etc., provision for winding up of a multi-State cooperative society after giving opportunity of being heard. To discourage members from acting against collective interests of the multi-State co- operative societies, the minimum period of expulsion of an expelled member of a multi- State co-operative society has been increased from 1 year to 3 years. To prevent a few members only benefitting from resources of the society, Institutions with majority equity shares held by the members of multi-State co-operative societies or their relatives, would not be considered as subsidiary institution. A provision for Concurrent Audit has been introduced for Multi-State Cooperative Societies with turnover/deposits of more than 500 crore rupees from a panel of auditors approved by the Central Registrar. Concurrent audit will ensure early detection of fraud or irregularities, if any, so that prompt course corrections can be made. As per the provisions of Section 70 of the Multi-State Cooperative Societies Act, 2002, every multi-State co-operative society is required to appoint an auditor or auditors at each Annual General Meeting. Such auditors or auditing firms are to be selected from a panel approved by the Central Registrar. The auditor so appointed is required to submit the audit report to the multi-State co-operative society within six months from the closure of the financial year to which the accounts relate. Further, as per Section 72 of the Multi-State Cooperative Societies Act, 2002, no person shall be qualified for appointment as an auditor of a multi-State co-operative society unless he is a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949. The existing provisions of the RTI Act already cover such institutions wherever they meet the criteria of substantially financed by Government. Further, a provision under amended section 106 of Multi-State Cooperative Societies Act, 2002 (as amended in 2023) has been made to appoint Cooperative Information Officer by all multi-State cooperative societies to provide information relating to affairs and management of the society to the members of the society. This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Lok Sabha. ******* AK/AP (Release ID: 2244576) Milk Unions, Cooperative banks, APMCs and State federations etc come under the purview of State Governments. The State Government extends financial assistance, including grants and other forms of support, to these cooperatives in accordance with their respective rules and regulations through various schemes of State. Additionally, Government of India, give benefits to cooperatives through various central sector and centrally sponsored schemes such as National Programme for Dairy Development (NPDD), Atmanirbharta Abhiyan, Sustainable Alternative Towards Affordable Transportation (Satat) Mission, Pradhan Mantri Matsya Sampada Yojana (PMMSY) etc. The applicability of the Right to Information Act, 2005 to cooperative institutions is governed by Section 2(h) of the Act, under which only those institutions which are substantially financed by the appropriate Government fall within its purview. The Multi-State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023 have been notified on 03.08.2023 and 04.08.2023, respectively to strengthen governance, enhance transparency, increase accountability and reform electoral process, etc. in the Multi State Cooperative Societies by supplementing existing legislation and incorporating the provisions of Ninety-seventh Constitutional Amendment.  Many provisions have been introduced through the above amendment to enhance transparency in the functioning of cooperative societies, inter-alia: - <li style="text-align:justify">To ensure timely, regular and transparent conduct of elections in the multi-State cooperative societies, provision of Cooperative Election Authority has been included.</li> <li style="text-align:justify">Appointment of Co-operative Ombudsman by Central Government to provide a mechanism to address grievances of members.</li> <li style="text-align:justify">To improve transparency, appointment of Information Officer by multi-State cooperative societies to provide information to members.</li> <li style="text-align:justify">Audit reports of Apex multi-State co-operative societies to be laid in Parliament to improve transparency.</li> <li style="text-align:justify">Accounting and auditing standards for multi-State cooperative societies to be determined by Central Government to ensure uniformity in accounting and auditing.</li> <li style="text-align:justify">To improve governance and transparency, annual report of multi-State cooperative societies to include Board decisions which are not unanimous.</li> <li style="text-align:justify">Central Government to determine prudential norms (liquidity, exposure, etc.) for multi- State co-operative societies in the business of thrift and credit.</li> <li style="text-align:justify">To curb nepotism and favoritism in multi-State co-operative societies, the Director of a multi-State cooperative society shall not be present in the discussion and vote on matters where he or his relatives are an interested party.</li> <li style="text-align:justify">Additional grounds for disqualification for directors have been made to improve governance.</li> <li style="text-align:justify">Provisions for Investment of funds by the multi-State cooperative societies have been redefined to ensure safer investments and remove references to colonial era securities.</li> <li style="text-align:justify">To have more financial discipline and transparency, the board of multi-State co-operative societies to constitute Committee for Audit and Ethics amongst other committees.</li> <li style="text-align:justify">For strengthening governance, criteria for appointment of Chief Executive Officer (CEO) stipulated.</li> <li style="text-align:justify">To enhance democratic decision making in the multi-State cooperative societies, quorum has been prescribed for board meetings.</li> <li style="text-align:justify">Central Registrar to conduct inquiry if he gets information that business is being conducted in a fraudulent manner or for unlawful purposes.</li> <li style="text-align:justify">If registration obtained by misrepresentation, fraud, etc., provision for winding up of a multi-State cooperative society after giving opportunity of being heard.</li> <li style="text-align:justify">To discourage members from acting against collective interests of the multi-State co- operative societies, the minimum period of expulsion of an expelled member of a multi- State co-operative society has been increased from 1 year to 3 years.</li> <li style="text-align:justify">To prevent a few members only benefitting from resources of the society, Institutions with majority equity shares held by the members of multi-State co-operative societies or their relatives, would not be considered as subsidiary institution.</li> <li style="text-align:justify">A provision for Concurrent Audit has been introduced for Multi-State Cooperative Societies with turnover/deposits of more than 500 crore rupees from a panel of auditors approved by the Central Registrar. Concurrent audit will ensure early detection of fraud or irregularities, if any, so that prompt course corrections can be made.</li> As per the provisions of Section 70 of the Multi-State Cooperative Societies Act, 2002, every multi-State co-operative society is required to appoint an auditor or auditors at each Annual General Meeting. Such auditors or auditing firms are to be selected from a panel approved by the Central Registrar. The auditor so appointed is required to submit the audit report to the multi-State co-operative society within six months from the closure of the financial year to which the accounts relate. Further, as per Section 72 of the Multi-State Cooperative Societies Act, 2002, no person shall be qualified for appointment as an auditor of a multi-State co-operative society unless he is a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949. The existing provisions of the RTI Act already cover such institutions wherever they meet the criteria of substantially financed by Government. Further, a provision under amended section 106 of Multi-State Cooperative Societies Act, 2002 (as amended in 2023) has been made to appoint Cooperative Information Officer by all multi-State cooperative societies to provide information relating to affairs and management of the society to the members of the society. This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Lok Sabha. ******* AK/AP " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; document.getElementById('stopA').style.display = "none"; } //function HandleAudio() { // if (isPlaying == true) { // //Playing already Pause it // pauseAudio(); // } else { // //Play the music // playAudio(); // } //} var synth = window.speechSynthesis; function CleanHtml(html) { html = html.replace(/ /gi, ''); return html; } function stripHtml(html) { let tmp = document.createElement("DIV"); tmp.innerHTML = CleanHtml(html); return tmp.textContent || tmp.innerText || ""; } $(document).ready(function () { //for responsive tables $("table").each(function () { if (!$(this).closest(".table-responsive").length) { $(this).wrap(" "); } }); var width = $(window).width(); if (width $(document).ready(function () { var width = $(window).width(); if (width @media print { .sticky-social, .sticky-social_mb, .pull-right, #printPDF { display: none !important; } } .f_vl { padding-right: 30px; font-size: 17px; cursor: pointer; } .log_oo { // width: 20%; display: flex; justify-content: space-between; } .log_oo img { width: 150px; /*width: 100%; height: auto;*/ } .sticky-social_mb { position: fixed; bottom: 0px; padding: 0px; margin: 0px; width: 100%; } .social_mb { list-style: none; display: flex; width: 100%; margin-bottom: -8px; } .social_mb a { padding: 8px 0px; font-size: 30px; transition: all 0.8s ease-in-out; width: 20% !important; text-align: center; } .section1 { position: relative; padding: 10px 0px; width: 100%; } .sticky-social { position: fixed; top: 20px; left: 0px; padding: 0px; margin: 0px; } .social { list-style: none; } .social a li { padding: 8px 12px; font-size: 25px; transition: all 0.8s ease-in-out; } .social a li:hover { margin-right: -30px; box-shadow: 2px 5px 10px grey; } .social a li:hover .fa { margin-left: 20px; } .fb_b { /* background-color: rgb(59, 89, 152);*/ background-color: rgba(65,103,178,255); } .twitter_r { /* background-color: rgb(29, 161, 242);*/ background-color: #000000; } .whatsapp_r { /* background-color: rgb(77, 194, 71);*/ background-color: rgba(13,191,67,255); } .fa-envelope_r { /* background-color: rgb(219, 68, 55);*/ background-color: #e2123d; } .fa-linkedin_r { background-color: rgb(0, 119, 181); } @media only screen and (max-device-width: 767px) { p span img { max-width: 90% !important; height: auto !important; } p img { max-width: 90% !important; height: auto !important; } h2 { font-size: 20px !important; font-weight: 600 !important; } h3 { font-size: 18px !important; font-weight: 600 !important; } } /* === Film Roll Badge Styling(IFFI2025 countdown) === */ .film-roll-badge { position: absolute; top:82%; right: 20px; width: 230px; height: 70px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 18px, #6e2b8b 18px, #6e2b8b 36px ); border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; } 50% { opacity: 0.9; } 25% { opacity: 0.95; } 75% { opacity: 0.85; } } /* === Responsive Adjustments === */ @media (max-width: 1500px) { .film-roll-badge { top: 68%; right: 18px; /* width: 220px; */ height: 65px; font-size: 0.85rem; } .press-section { margin-top: 35px; } } @media (max-width: 992px) { .film-roll-badge { top: 52%; right: 10px; width: 200px; height: 60px; } } @media (max-width: 768px) { .film-roll-badge { top: 56%; right: 10px; width: 124px; height: 55px; } .countdown-text { font-size: 0.9rem; } } @media (max-width: 576px) { .film-roll-badge { top: 59%; right: 5px; /* width: 160px; */ height: 50px; } .countdown-text { font-size: 0.85rem; } } const festivalStart = new Date("2025-11-20T00:00:00").getTime(); const festivalEnd = new Date("2025-11-28T23:59:59").getTime(); const countdownElement = document.getElementById("countdown"); const interval = setInterval(() => { const now = new Date().getTime(); // BEFORE FESTIVAL — show days + hours left if (now = festivalStart && now el.style.width = "350px"); clearInterval(interval); } }, 1000);

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Grants To Cooperative Institutions

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