National Cooperative Development Corporation

National Cooperative Development Corporation Latest News

The National Cooperative Development Corporation remains a cornerstone of India’s cooperative growth and has demonstrated its pivotal role in fostering self-reliance and inclusive development.

About National Cooperative Development Corporation

• It is a statutory organisation established in 1963, under the Ministry of Cooperation, Government of India.

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Functions of National Cooperative Development Corporation

• Promoting and strengthening farmer cooperatives: It aims to increasing production, productivity by developing farmer cooperatives and instituting post-harvest facilities
• Postharvest Facilities: It provides assistance for developing processing, storage, cold chain and marketing of agricultural produce and the supply of seeds, fertilizer and other agricultural inputs etc.
• It also supports income-generating cooperatives across various non-farm sectors such as weaker section activities which include dairy, livestock, handloom, sericulture etc.
• It provides financial assistance to the cooperative sector for their economic development and social upliftment through NCDC Sponsored schemes and various GoI schemes implemented by NCDC

Initiatives of National Cooperative Development Corporation

• Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme

• • It is designed to promote cooperative start-ups across diverse sectors by supporting newly formed cooperatives with innovative ideas.
  • It gives preferential support extended to cooperatives in the North Eastern Region, those operating in Aspirational Districts  and cooperatives comprising exclusively women, SC, ST, or PwD members.
• Ayushman Sahakar: It adopts a holistic approach to strengthening the healthcare ecosystem through cooperative institutions.

Source: PIB