New Delhi :2/3/24: National Urban Cooperative Finance and Development Corporation Limited (NUCFDC), in New Delhi today. Union Minister of State for Cooperatives B.L. Verma and the Secretary of the Ministry of Cooperation, Dr. Ashish Kumar Bhutani along with other dignitaries, were present on the occasion.
In his address, Shri Amit Shah said that unless the strength to promote cooperation and mutual progress among cooperative institutions is provided, we cannot move forward. He mentioned that after nearly 20 years of struggle, today the establishment of the NUCFDC is taking place, and this is a very auspicious day for all of us.
The Union Home Minister and Minister of Cooperation stated that initially, the Ministry of Cooperation and the cooperative sector were scattered across various ministries. He mentioned that Prime Minister Shri Narendra Modi, after 75 years of independence, has established a separate Ministry of Cooperation, breathing new life into the cooperative sector. He stated that the cooperative movement has been given an umbrella, in the form of the Ministry of Cooperation. Shri Shah added that for 125 years, the cooperative sector struggled and preserved its existence, but now, with the support of the government system, it will progress rapidly and achieve respect in the country’s economy. He mentioned that efforts are being made to transform the cooperative movement into a people’s movement. Minister of Cooperation emphasized that in a vast country like India, the parameter of development cannot be just numbers, it should be judged through a significant parameter of how many people participate in the country’s development.