Yuva Sahakar Scheme

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About Yuva Sahakar Scheme:

Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme” aims to encourage newly formed cooperative societies with new and/or innovative ideas.
The scheme encourages young entrepreneur Cooperative Societies which are in operation for a minimum of 3 months.
The loan provided under the scheme is a long-term loan (up to 5 years) and as an incentive, NCDC provides 2% interest subvention on its applicable rate of interest on term loan for the project activities.
Further, the loan component under the scheme can also be dovetailed with subsidy, as applicable and available from other Government of India schemes. NCDC funding is project based.
It is being implemented by National Cooperative Development Corporation (NCDC) across the country.
Features
- NCDC has produced a dedicated fund with liberal traits entitling youth to avail the scheme.
- It is linked with Rs.1000 crores of the Cooperative Start-up and Innovation Fund that has been authorised by the NCDC.
- It provides more incentives to the cooperatives working in the North-Eastern region and the aspirational districts.
- Exclusive benefits are provided for women, Scheduled Caste and Scheduled Tribe candidates.
- Yuva Sahakar Scheme is a part of Sahakar 22, a Mission for Doubling Farmers’ Income by 2022.

Q1: What is the National Cooperative Development Corporation?

The National Cooperative Development Corporation (NCDC) was established by an Act of Parliament in 1963 as a statutory Corporation. It works under the Ministry of Cooperation.

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