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EYE ON INDIA FEBRUARY 28, 2025 | The Indian Eye 8

GROWING POWER

India sets big targets now, says PM Modi as he

talks of success of start-ups and first timers

Prime Minister reviews the progress of the cooperative sector and emphasized the need

for partnerships with global cooperative organizations to expand the Indian cooperative sector

OUR BUREAU
New Delhi
oting that India now thinks big, sets high tar-
gets and delivers big results, Prime Minister
NNarendra Modi on Thursday said that India
has emerged as a driving force propelling global
growth. Speaking at the Republic Plenary Summit
2025, PM Modi highlighted the country’s progress in
sectors such as solar energy.
He said the world today is declaring that this is
India’s century. “India’s remarkable achievements
have sparked new aspirations and expectations glob-
ally...India has now emerged as a driving force pro-
pelling global growth forward,” he said.
PM Modi said that over the last decade, more
than Rs 42 lakh crore has been directly transferred
to the bank accounts of the poor through the Direct
Benefit Transfer (DBT) system.
“Every rupee sent from Delhi is credited directly
to the beneficiaries’ bank accounts without any in-
termediaries. Ten years ago, India had an insignifi-
cant solar energy capacity. Today the nation stands
proudly among the top five countries in the world in
terms of solar energy capacity,” he said. Prime Minister Narendra Modi in a group picture at the Republic Plenary Summit, in New Delhi on Thursday (ANI)
He said 18 years ago, in 2007, India’s annual
GDP stood at Rs one lakh crore, representing the Also, Prime Minister Narendra Modi on Thurs- During the meeting, the PM was briefed about the
total economic activity for an entire year. “Howev- day chaired a high-level meeting to review the prog- National Cooperation Policy and key achievements
er, today, the same level of activity is achieved within ress of the cooperative sector and emphasized the of the Ministry of Cooperation over the past three
just a single quarter. This remarkable transformation need for partnerships with global cooperative orga- and a half years, the Prime Minister’s Office stated.
highlights the rapid pace of economic growth in pres- nizations to expand the Indian cooperative sector. Furthermore, the policy endeavors to deepen
ent-day India. After 65 years of independence, India PM Modi held discussions on promoting “Sha- the grassroots impact of cooperatives and signifi-
was the 11th largest economy in the world. In just a kar Se Samruddhi” bringing transformation through cantly enhance the contribution of the cooperative
decade, we have become the fifth largest economy. technological advancements in the sector, plans to sector to the overall development of the country.
And with the same speed, we are going to become increase the participation of youth and women in co- Since its inception, the Ministry has undertaken
the third largest economy. operatives, and the various initiatives of the Ministry 60 initiatives across seven key areas to promote and
The Prime Minister also referred to his remarks of Cooperation, the Prime Minister’s Office (PMO) strengthen the cooperative movement. These initia-
to bring one lakh youth into politics who are “first said in a release. tives include the digitization of cooperative institu-
timers”. “I have been saying for the past few days The Prime Minister also stressed promoting or- tions through the National Cooperative Database and
that I have to bring 1 lakh youth into politics...Those ganic products through cooperative organizations. Computerization Projects, as well as the strengthen-
who will go to vote in 2029, do not know what the He also suggested focusing on export markets ing of Primary Agricultural Credit Societies (PACS).
headlines of newspapers used to be before 2014. and developing a soil testing model through coop- As a result, there has been diversification in co-
They do not know that scams of 10-12 lakh crore eratives to improve agricultural practices. PM Modi operative businesses, additional income generation,
used to happen. And when they will go to vote, they highlighted the importance of integrating UPI with increased opportunities for cooperatives, and im-
will not have anything for comparison,” he said. Rupa KCC cards to facilitate financial transactions proved accessibility of government schemes in rural
The Prime Minister said his government has and emphasized the need for healthy competition areas. Annual targets have also been set for the for-
opened up the space sector to young innovators. among cooperative organizations. mation of these cooperatives.
“When we made this decision, it didn’t get much He further added that young graduates should To promote cooperative education, training and
attention. But today, there are over 250 space start- be encouraged to contribute, and Cooperative or- research and to provide skilled professionals, a Bill to
ups in the country. These startups are now creating ganizations should be ranked based on their perfor- convert IRMA Anand into “Tribhuvan Cooperative
rockets. A similar change has also happened in the mance, so as to promote competition and growth University” and make it an Institution of National
mapping sector,” he said. simultaneously. Importance has been introduced in the Parliament.

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