MSCS amendment bill to come up in Monsoon session: Cooperation Minister Amit Shah
Amit Shah on Saturday said a bill that seeks to amend the law on Multi-State Cooperative Societies (MSCS) to bring ease of doing business will come in the Monsoon session of Parliament, starting July 20. Speaking at the 17th Indian Cooperative Congress here on the occasion of International Day of Cooperatives, Shah said 26 states and Union territories have adopted the draft model by-laws for Primary Agricultural Credit Societies (PACS), which means there will be uniform by-laws in a major part of the country from September.
He also said the government wants to frame a new cooperative law that will help in expanding the sector in the next 25 years. It is also planning to set up a cooperative university for which inter-ministerial discussions have been initiated.
After the formation of a separate cooperation ministry on July 6, 2021, the minister said, many changes have become possible in the field of cooperatives, and changes will continue to happen in the future. First of all, within the constitutional framework, the government has tried to bring uniformity in the Cooperative Law without disturbing the rights of states and the Centre, he said.
«With the initiative of (Prime Minister Narendra) Modi ji, the work of amendment in the Multi-State Cooperative Societies Act has been done by the Parliamentary Committee with consensus. This law is going to come up within this session itself,» Shah said.
The 2022 amendment bill seeks to amend the Act to align with certain provisions of the Constitution and address concerns with the functioning and governance of cooperative societies. The Bill was referred to a Joint Committee on December 20, 2022, and the committee submitted its report on March 15, 2023, agreeing with most of the
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