What is the 97th Amendment of Indian Constitution?
By Balaji
Updated on: March 2nd, 2023
The 97th amendment to the Indian Constitution was approved by the Indian Parliament in December 2011 and went into effect on February 15th, 2012. Cooperative societies now have constitutional protections thanks to this amendment. According to the 97th Amendment, such societies must be safeguarded and wisely run.
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97th Amendment of the Indian Constitution
The 97th amendment of the Indian constitution gives fundamental rights to cooperative societies. Under this amendment, the following provisions are to be enjoyed by all cooperative societies in India:
- The fundamental right to form a cooperative society, as per Article 19 of the constitution.
- Article 43B includes a Directive Principle on State Policy for promoting cooperative societies.
It added Part IXB to the Constitution, which laid out several requirements for state laws pertaining to cooperative societies. Additionally, it aims to support cooperative economic initiatives that benefit rural India. The amendment was supposed to guarantee the democratic, autonomous, and open management of cooperatives to their members and other stakeholders.
Goals of the 97th Amendment of the Indian Constitution
On December 7, 2004, a gathering of cooperative ministers from various states decided to amend the Constitution. The following were the conference’s primary goals:
- To guarantee that cooperatives operate democratically, independently, and professionally.
- To guarantee that professional audits, general body meetings, and elections are held consistently and on time.
- To address important issues related to cooperative empowerment through voluntary formation, autonomous functioning, democratic control, and professional management.
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