International Year of Cooperatives 2025
International Year of Cooperatives 2025: The inaugural function of the International Year of Cooperatives 2025 was recently held in Mumbai, Maharashtra.
- About: The International Year of Cooperatives (IYC2025) is a United Nations initiative to raise awareness of the role of cooperatives in social and economic development.
- Celebrated in 2025 with the theme "Cooperatives Build a Better World".
- Key Highlights of Announcements and Initiatives during the Event:
o 12-Month Program: To celebrate the Year of Cooperatives, expanding the cooperative movement and fostering transparency and inclusiveness.
o Umbrella Organization: Virtual launch of the National Urban Cooperative Finance and Development Corporation (NUCFDC).
o Integration of digital banking, mobile banking, and online transactions with Urban Cooperative Banks.
o Model Bylaws for PACS: 10,000 M-PACS training program initiated, with a goal to establish a PACS in every village panchayat.
o Sectoral Developments
o Ethanol Production: Boosting profitability of sugar mills.
o Sugar Export: Approval of 10 lakh tonnes for better pricing, benefiting Maharashtra’s cooperative sugar mills.
o Employment Creation: Cooperatives to generate jobs in agriculture and rural areas.
o Major Announcements: Tribhuvan National Cooperative University which will focuses on producing skilled professionals for cooperatives.
