Kumud MishraAIR 69 · CSE 2024 · 247 wordsTheir whole copy
Opening · a restatement
The recent Multi-State Cooperative Societies (Amendment) Bill 2022 i.e. the MSCS Act aims at promotion of the 'cooperative movement' in India based on the vision: "one for each, each for one".
Body · points
Provisions of the MSCS Bill 2022
(1) In sync with the constitutional status provided to the cooperatives i.e. via 97th Constitutional Amendment Act.
(2) Provides powers to the central government to regulate the MSCS.
(3) Central government will play a key role in the appointment procedures for the appointments to the cooperative boards.
(4) The cooperatives will have the dual status of "enterprises and associations".
(5) Recently formed "Ministry of Cooperation" to play a key role in promoting the interests of the cooperatives.
(6) Enhanced market access for their products across different states. Ex. MSCS like AMUL.
Importance of this amendment
(1) It will help in the capacity building of the cooperatives (Part IX B).
(2) It will provide the right to form cooperatives, in tune with Article 19(1)(c) of the Constitution.
(3) It will promote enhanced access and financial viability to the MSCS as underlined in Art. 43 B.
(4) The changing nature of MSCS reflected the need for the amendment.
(5) The Supreme Court struck down some sections of the 97th Amendment Act which led to the recent amendment.
(6) The amendment thus reconciled with the judgement of the apex court.
Close · a summary
Thus, there is the need to further ensure the protection and promotion of cooperatives to make India the "hub of cooperatives".