Which new institution was proposed during the Fifth Foundation Day celebrations of the Ministry of Cooperation?

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The correct answer is Option B: Cooperative Life Insurance Company. The Ministry of Cooperation celebrated its Fifth Foundation Day by announcing new initiatives to strengthen the cooperative movement in India. A proposal was announced to establish a Cooperative Life Insurance Company to expand the cooperative sector's presence in the insurance industry and promote financial inclusion. Bharat Taxi is a cooperatively owned ride-hailing platform operated by Sahakar Taxi Cooperative Ltd., where drivers become partners rather than only service providers. The government aims to expand Bharat Taxi to 500 cities across India within the next two years. As of the announcement, Bharat Taxi had about 637,000 registered drivers and 3,577,000 registered customers. The Foundation Day announcements also included the promotion of organic farming and entrepreneurship through Primary Agricultural Credit Societies (PACS). IFFCO-TOKIO was cited as an existing cooperative-linked insurance company, while India currently has around 26 life insurance companies.

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Cooperative Development Bank

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National Cooperative Exchange

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Cooperative Pension Authority

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Cooperative Credit Guarantee Corporation

Which new institution was proposed during the Fifth Foundation Day celebrations of the Ministry of Cooperation?

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Which new institution was proposed during the Fifth Foundation Day celebrations of the Ministry of Cooperation?

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