Section 2. The Bill seeks to achieve the above objectives

12. The Bill seeks to achieve the above objectives. AMIT SHAH. NEW DELHI; The 28th January, 2025. THE SECOND SCHEDULE ( See section 34) THE FIRST STATUTES The University, in the exercise of its powers and functions under section 7, shall ensure that the financial liabilities are met out of the available financial resources and to that extent shall devise and enforce such procedures as approved by any authority referred to in section 20: Provided that the extant rules and procedures of the Central Government relating to appointments, promotions and fixation of pay as well as expenditures, both recurring and non-recurring, including those referred to in clauses (viii), (x), (xvii) and clause (xxi) of sub-section (1) of section 7, shall apply if the University seeks any financial assistance or Gross Budgetary Support apart from one-time capital grant. STATEMENT OF OBJECTS AND REASONS In the last three and half years, many new initiatives have been taken by the Ministry of Cooperation to strengthen the co-operative sector, such as Model Bye-Laws for Primary Agricultural Credit Societies making them multi-purpose, multi-dimensional and transparent entities, establishing two lakh new multi-purpose Primary Agricultural Credit Societies or Dairy or Fishery Co-operatives in uncovered Panchayats, World's largest Decentralised Grain Storage Plan in co-operative sector, computerisation of Agriculture and Rural Development Banks, computerisation of functional Primary Agricultural Credit Societies, relief to co-operative societies in the Income-tax Act, 1961, initiatives for the revival of co-operative sugar Mills, establishment of three new nationallevel multi-state co-operative societies for seed, organic products and exports, Co-operative-led White Revolution 2.0 and the like. All these initiatives would generate a huge demand for employment in the co-operative sector. 2. To meet education and training needs of members of boards of directors and employees of cooperative societies in all sectors, all regions and at all levels, that is National, State, District or Primary. 2. The present education and training infrastructure in the co-operative sector is fragmented and grossly inadequate to meet the present and future demand for qualified manpower and capacity building of existing employees in co-operative societies. It also lacks standardisation and quality monitoring mechanisms. It is, therefore, essential that a comprehensive, integrated and standardised structure is created for education, training and research by establishing a national University to ensure a stable, adequate and quality supply of professionally qualified manpower for different categories of jobs in co-operatives such as managerial, supervisory, administrative, technical, operational, etc., and also address the long pending issue of capacity building of employees and board members in the co-operative sector in a pan-India and focused manner.