Yuva Sahakar Scheme

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.

News: Yuva Sahakar Scheme

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