Grant in Aid to National Cooperative Development Corporation Scheme
On 31st July 2025, the Union Cabinet approved the Central Sector Scheme “Grant in aid to National Cooperative Development Corporation (NCDC)” for a period of four years from 2025-26 to 2028- 29 (Rs.500 crore each year from FY 2025-26).
Purpose
- To enhance the financial autonomy and operational capabilities of India’s vast network of cooperative societies.
Salient Features
Leveraging Market Potential
- This multiplier effect of 10 times the original grant is expected to significantly strengthen the financial base of cooperative societies across India.
- These funds will be utilized by the NCDC to provide affordable loans to cooperatives for:
- Setting up new projects
- Expansion ....
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