The correct answer is option 3, Ministry of Cooperation. This Ministry was formed recently under the Government of India. To understand the other options, let`s take a look at them.

Option 1, Ministry of New and Renewable Energy, is not the correct answer because this Ministry has been in existence for quite some time and was not formed recently. It focuses on promoting and developing renewable sources of energy in the country.

Option 2, Ministry of Development of North-Eastern Region, is also not the correct answer because this Ministry was established in 2001, not recently. Its main objective is to accelerate the pace of socio-economic development in the North-Eastern region of the country.

Option 4, Ministry of Jal Shakti, is not the correct answer as well. This Ministry was formed in 2019 and is responsible for the management and conservation of water resources in the country.

Therefore, the correct answer remains option 3, Ministry of Cooperation. This Ministry was formed recently and aims to strengthen the cooperative movement in India and ensure the development of cooperatives across various sectors.