National Cooperative Development Corporation

            The National Cooperative Development Corporation (NCDC) was set up in the year 1963 under an Act of Parliament with a countrywide mandate for planning, promotion and financing programmes for processing, marketing, storage, export and import of agriculture produce and certain notified commodities through Cooperatives. NCDC is a unique organization engaged in the development of rural agriculture sector through cooperatives.

In the year 2002, by virtue of Amendment of NCDC Act, some new activities have been brought into the purview of NCDC namely, livestock, industrial goods, handicrafts, village and rural crafts and development of notified services such as water conservation, irrigation, micro-irrigation, animal care/health, agricultural insurance, agricultural credit, rural sanitation, drainage and sewage systems.

Financial assistance by the cooperation to the cooperatives is routed through the state government(s) or on the guarantee of the state government(s) or directly on fulfillment of certain conditions.

 

Patterns of Assistance for Cooperatively Least Developed States:

 

Activity NCDC to State Government State Government to Society

 

Ratio of Funding
 

1. Margin money

 

Loan         75%

Subsidy    25%

Loan or share

capital          75%

Subsidy        25%

 

Loan         75%

Subsidy    25%

 

2. Working Capital

 

Loan as per requirement

 

Loan

 

Loan

 

3. Share Capital

 

Investment loan as per requirement

 

Share Capital

 

 

Presently, NCDC schemes are not implemented in the State owing to blanket ban imposed by the State Govt.






Skip to content