What's Happening?
The Punjab government, led by Chief Minister Bhagwant Singh Mann, has announced a significant reduction in the registration fee for new agriculture, dairy, and fisheries cooperative societies. The fee, previously set at Rs 10,000, has been lowered to
Rs 1,000. This initiative aims to facilitate the formation of cooperative societies by small and marginal farmers, reducing the financial burden and encouraging greater participation. The move is expected to enhance farmers' incomes and strengthen the cooperative network across Punjab, particularly benefiting the dairy sector by making it more accessible and inclusive.
Why It's Important?
This decision by the Punjab government is crucial for promoting inclusive growth and empowering farmers. By lowering the registration fee, the government is removing barriers that previously hindered small farmers from organizing into cooperative societies. This can lead to increased collective bargaining power, better access to markets, and improved income stability for farmers. The initiative also aligns with the government's broader vision of supporting rural economic development and self-reliance. By strengthening the cooperative movement, the government is fostering a more resilient agricultural sector, which is vital for the state's economy.
