News Excerpt:

The Union Ministry of Cooperation launched the National Cooperative Database which will help in the expansion and development of cooperatives in the country.

National Cooperative Database:

• National Cooperative Database is a web-based digital dashboard where the data of cooperative societies, including national and state federations, have been captured. 
• It has collected or mapped information about more than 8 lakh cooperatives in three phases.
• There are more than 8 lakh registered cooperative societies in the country, with over 30 crore people connected with them.
• Cooperative Database will play a crucial role in the expansion, development, and delivery of cooperatives.
• The National Database will give direction to development of the Cooperative sector like a Compass.
• National database will identify gaps as to where we have a lesser number of Cooperatives and will help in expansion of the Cooperative sector.
• It will act as an invaluable resource for policymakers, researchers and stakeholders.
• Along with the database, ‘National Cooperative Database 2023 Report’ was also launched by the minister.