It has an outlay of Rs 2000 crore over four years (FY 2025-26 to FY 2028-29), with Rs 500 crore annually sourced from Government of India's budgetary support.
About Grant in aid to NCDC Scheme
- Type: Central Sector Scheme
- Objective: To grant loans to cooperatives for setting up new projects, expanding existing plants, and meeting working capital requirements
- Fund Mobilization: Grant will be utilized by NCDC to raise an additional Rs 20,000 crore from the open market over the four-year period
- Executing agency for scheme: NCDC for the purpose of disbursement, monitoring of implementation of project, and recovery of loan.
- Loans provided will encompass:
- Long-term credit for setting up, modernization, technology upgradation, and expansion of project facilities across various sectors.
- Working capital to enable cooperatives to run their businesses efficiently and profitably.
Implications/Benefits of Scheme:
- Bridge the socio-economic gap and increase women's participation in the workforce
- Creation of income generating capital assets and provide cooperatives liquidity in the form of working capital.
- Support capacity augmentation, modernization, and diversification, leading to increased profitability and productivity.
About National Cooperative Development Corporation (NCDC):
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