CO-OPERATIVE SOCIETIES: UPSC Daily Important Topic | 17 February 2022

CO-OPERATIVE SOCIETIES

◇ The 97th Constitutional Amendment Act of 2011 gave constitutional status and protection to co-operative societies. In this context, it made the following three changes in the Constitution:

 ◇  It made the right to form cooperative societies a fundamental right (Article 19).

◇  It included a new Directive Principle of State Policy on promotion of co-operative societies (Article 43-B).

◇  It added a new Part IX-B in the Constitution which is entitled as “The Co-operative Societies” (Articles 243-ZH to 243-ZT).