National Cooperative Development Corporation (Amendment) Bill, 2026
The Rajya Sabha approved the National Cooperative Development Corporation (Amendment) Bill, 2026, which aims to extend the functions of the NCDC by authorizing it to provide loans and grants directly to cooperative societies. This bill was previously passed by the Lok Sabha.
Key Provisions of the Bill
- The Bill amends the National Cooperative Development Corporation Act, 1962.
- It expands the definition of “foodstuffs” to include processed food and other food items notified by the Centre.
- The Bill allows the NCDC to cover cooperative societies involved in production, processing, marketing, storage, export, and import of agricultural and industrial goods, foodstuffs, livestock, and certain other commodities and services.
Debate and Concerns
- Bill be sent to a select committee, questioning the centralization of power and its impact on village autonomy.
- Necessity of ensuring that cooperative benefits reach farmers.
- Cooperation between the Union and state governments without bypassing states.
Government's Response
- Minister highlighted that there are over 8 lakh cooperative societies in India with more than 30 crore members.
- He reassured that all states have adopted model by-laws for Primary Agricultural Credit Societies (PACS).
Legislative Outcome
The Bill was passed through a voice vote despite disruptions and protests from Congress MPs and other members of the INDIA bloc.
