Centre begins discussion for setting up national database on cooperatives
By MYBRANDBOOK
The Centre has started a consultation process with various stakeholders on building a national database on cooperatives which will help in connecting various schemes implemented by states and the central government as well as in establishing good governance and market orientation.
To rationalize the database, one of the officials said that the stakeholders have been asked to give details of the present status and form of data availability, if it is in digital or physical form.
The stakeholders have also been asked to give their views on how much live data can be and frequency and mechanism of its updation. They have been asked to give suggestions on ways to ensure data accuracy and reliability.
The official further said that the motto behind setting up of a national database is that it will act as an effective planning tool for state governments, central ministers, federations, cooperators, sectoral institutions like NABARD and RBI.
This database will help in evaluating the contribution of the cooperative sector in the national economy and hence will make efforts for achieving the national goal of a $5 trillion economy.
It will also help in providing an authentic input for meeting training needs of the sector along with benchmarking intra and inter sectors besides increasing the scope for inclusion of start-ups. Its geo-spatial analysis will give insights for further expansion of the sector.
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