Cooperatives' Contribution to National Economy
The Ministry of Cooperation has highlighted the lack of a dedicated database to assess the cooperative sector's contribution to the national and state GDP. However, a 2018 report by the National Cooperative Union of India estimates various contributions of cooperatives across sectors, including agricultural credit, fertilizer production, sugar production, and employment generation. Key statistics reveal significant percentages of cooperatives' involvement in these areas, emphasizing their importance in the national economy.
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