Cooperatives: Linking With Rural Livelihoods
Abstract
Cooperatives have been playing a vital role in the upliftment of the economic standards of the rural population since 1904. Based on its values and principles of cooperation, it has set a benchmarking mark to develop the economy in an inclusive and sustainable manner. With the formation of the Ministry of Cooperation in July 2021, the cooperative movement has received a big boost in enhancing the economic viability of the members of the cooperatives, thereby improvising their livelihoods. The Cooperative Ministry has launched several schemes and policies for the livelihood enhancement, but even today, many of the cooperatives at the grassroot levels are finding it difficult to operate; the reasons being many. The article has evaluated the role of cooperatives in enhancing the livelihoods in a multi-dimensional manner with some successful case examples. The study has emphasized on an effective research framework to diagnose the fundamental problems of the cooperatives so that the macro approach adopted by the government really becomes effective.
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