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Modi calls for global financial model to support cooperatives
Business Standard
|November 26, 2024
Prime Minister Narendra Modi on Monday called upon representatives from the cooperative movement to explore the possibility of a global financial institution to finance cooperatives and a collaborative financial model for such bodies.
He also emphasised on linking cooperative movement to a circular economy and promote international collaboration in the sector. Addressing the ICA Global Cooperative Conference 2024 at the Bharat Mandapam here, Modi said that for India, cooperatives are the basis of culture and a way of life. He said India sees a huge role for cooperatives in its future growth and in the last 10 years, the country has worked to transform the entire ecosystem related to cooperatives.
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