National Cooperative Development Corporation

National Cooperative Development Corporation Latest News

Recently, the 93rd Meeting of the General Council of the National Cooperative Development Corporation (NCDC) was held at the Corporation’s headquarters in New Delhi.

About National Cooperative Development Corporation

• It is a statutory organisation established in 1963, under the Ministry of Cooperation, Government of India.
• Objective: Promoting, strengthening and developing farmer cooperatives for increasing production, productivity and instituting post- harvest facilities across the country. 

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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.
• Financial Assistance: 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
• It also supports income-generating cooperatives across various non-farm sectors such as weaker section activities which include dairy, livestock, handloom, sericulture etc.

Initiatives of National Cooperative Development Corporation

• Yuva Sahakar: The scheme aims at encouraging newly formed cooperative societies with new and/ or innovative ideas.
• Ayushman Sahakar: The scheme has a comprehensive approach to cover hospitals, healthcare, medical education, nursing education, paramedical education, health insurance and holistic health systems such as AYUSH.
• Nandini Sahakar: The scheme aims to improve the socio-economic status of women and supports the entrepreneurial dynamism of women through women’s cooperatives.
• Dairy Sahakar: It is a cooperative dairy business focused framework of financial assistance for encouraging cooperatives to achieve higher outcomes in ESG (environmental, social, governance) linked activities.
• Swayam Sahakar: Scheme for providing NCDC’s financial assistance to Agricultural Credit Cooperatives for providing loan/advances to Women Self Help Groups (SHGs).

Source: PIB