Cooperation Minister Amit Shah on Wednesday said about 45,811 cooperative societies are under liquidation.
Shah, in a written reply to the Rajya Sabha, said there are 8.32 lakh cooperative societies as per the National Cooperative Database.
"Out of the total 8,32,103 cooperative societies, 6,37,221 are functional, and 45,811 are under liquidation stage in India as of March 1, 2025," he said.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Over 1.50 lakh cooperative societies are non-functional.
However, since formation of a separate cooperation ministry in July 2021, the government has taken several initiatives to strengthen the sector, he added.
Replying to another query, the minister said there is a steady increase in budget allocation over past three years which has a positive impact in enabling the ministry to implement its key cooperative initiatives in an efficient manner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
