Jammu and Kashmir administration has embarked on the mission of reviving cooperatives in the Union Territory.
Stakeholders are participating with fervor and enthusiasm in the events being held to celebrate the ongoing 69th All India Cooperative Week in Jammu and Kashmir.
All the people associated with the cooperative movement are playing a significant role in building a strong eco-system for growth of the cooperative sector in the Union Territory.
The administration is working on a straightforward idea i.e. to promote social-enterprises, its values, and principles to establish equality, equity, and solidarity. These elements are pivotal for bringing socio-economic development for inclusive growth in rural J&K.
The cooperatives are being transformed as an effective economic instruments for ensuring growth in sectors like agriculture, handicraft, sugar, dairy, textiles, fisheries, storage, food processing and upliftment of small and marginal farmers.
People in rural areas are coming together in large numbers to become a part of the cooperatives and women are leading from the front.
The government taking keen interest in revival of the cooperatives is helping the youngsters to look towards it as a potential sector for them to seek employment and build their lives.
The J&K administration is working hard to build a resilient and viable business ecosystem of cooperatives with special participation of youth and women. In the era of Startups and Unicorns cooperatives are being reinvented and these are emerging as pillars for economic and social development.
The cooperatives are driven by the local members who understand the needs of the people around them. The development of the cooperatives is having a direct impact on health, education, agriculture, credit, tourism, green energy and hospitality sectors.
During the past few years the Cooperatives Department has held various awareness camps and has been laying thrust on registration of cooperatives, training and capacity building of the stakeholders, modernizing cooperative markets, bringing transparency in the system and creating new markets and enabling government departments to purchase directly from these markets.
J&K is witnessing a renaissance of the cooperatives.
In the past one year 1006 cooperatives with 31578 members have been registered in the Union Territory. The administration is putting determined efforts to widen the network and ensure capacity building for professional functioning of the cooperatives and is working hard to make the cooperatives a vibrant sector.