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The launch of the National Cooperative Database (NCD) will be a milestone in the cooperative sector

The launch of the National Cooperative Database (NCD) will be a milestone in the cooperative sector

  • Union Home Minister and Minister of Cooperation, will launch the National Cooperative Database at New Delhi.
  • The Minister of Cooperation will also release the 'National Cooperative Database 2023: A Report'.

The National Cooperative Database (NCD)

  • It is a central hub for information on India's cooperative societies, created by the Ministry of Cooperation.
  • This online platform aims to strengthen the cooperative sector by providing a comprehensive and up-to-date resource.
  • Developed with input from state governments, federations, and other stakeholders, the NCD acts as a bridge between the central government, states, and individual cooperatives.
  • Information on each society, including registration details, location, membership numbers, and financial data, is collected and validated.
  • This allows for better communication and collaboration across the cooperative network.

The NCD offers several advantages:

  • Easy access: All data is available in one place, simplifying information retrieval.
  • Reliable information: Data is comprehensive, current, and accurate.
  • User-friendly interface: The system is easy to navigate and use.
  • Network connections: The database helps identify linkages between cooperatives.
  • Customizable reports: Users can generate reports and graphs based on specific criteria.
  • Data-driven insights: The NCD allows for data analysis to inform decision-making.
  • Visual representation: Geographical mapping provides a clear picture of cooperative distribution.

Prelims Takeaway

  • Minister of Cooperation
  • 'National Cooperative Database 2023

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