Prime Minister Narendra Modi has set two ambitious goals for India—to become the third-largest economy in the world and achieve full development by 2047. Union Home Minister and Minister of Cooperation Amit Shah reaffirmed this vision, emphasizing the crucial role of the agricultural and dairy sectors in achieving these economic milestones.

Speaking at a press conference, Amit Shah highlighted that India's agriculture and rural economy, particularly the dairy sector, will be key drivers of economic growth, employment, and nutritional security. He stressed that India’s agricultural system depends largely on small farmers, making dairy a vital industry for sustaining rural livelihoods and economic stability.

Strengthening India’s Dairy and Cooperative Sectors

To accelerate economic progress, Amit Shah launched multiple initiatives focusing on dairy development, biogas production, and cooperative sector reforms, including:

• National Dairy Development Board (NDDB) and Sustain Plus projects aimed at enhancing dairy productivity and supply chain efficiency.
• Biogas programs to promote sustainable energy solutions for milk-producing districts.
• A guide on circularity in dairy, promoting zero-waste models and self-sufficiency in dairy equipment manufacturing.

He urged NDDB and the National Bank for Agriculture and Rural Development (NABARD) to implement pilot projects within six months in selected districts, ensuring every milk-producing district has a biogas initiative to boost rural energy production.

Building a Self-Reliant Dairy Ecosystem

Amit Shah emphasized the need for self-reliance in dairy equipment manufacturing, proposing that NDDB and district milk unions jointly invest in dairy equipment production. This move will:

• Strengthen cooperative profits, ensuring financial benefits reach farmers.
• Promote India’s "Make in India" vision, reducing dependence on imported dairy machinery.
• Enhance productivity in the dairy sector, making India a global leader in dairy exports.

Expanding Financial Inclusion Through Rural Cooperatives

The success of Micro ATMs in Gujarat’s rural dairies, which increased cooperative sector deposits by ₹7,700 crore (US$ 882.10 million), serves as a model for nationwide expansion. Amit Shah called on NABARD to scale this model, ensuring that:

• Every dairy farmer has access to digital banking services.
• Financial transactions within cooperatives become seamless.
• Rural economies benefit from improved banking infrastructure.

India’s Roadmap to Becoming the 3rd Largest Economy

With a strong focus on agriculture, dairy, and cooperative sector modernization, Amit Shah reiterated that India’s economic roadmap will be built on:

1. Enhancing rural economic contributions through sustainable agriculture and dairy growth.
2. Strengthening domestic manufacturing to boost self-reliance and industrial expansion.
3. Increasing global competitiveness by integrating technology-driven economic reforms.

Conclusion: A Transformative Vision for India’s Future

Under PM Modi’s leadership, India is on a path to becoming a global economic powerhouse. The strategic development of agriculture, dairy, and cooperative sectors will play a pivotal role in realizing India’s dream of being the third-largest economy and achieving full development by 2047. With strong government support, policy-driven initiatives, and rural empowerment, India is poised for unprecedented growth and prosperity in the coming decades.

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