New Delhi, July 31 -- The Union Cabinet chaired by the Prime Minister Narendra Modi on Thursday approved the Central Sector Scheme "Grant in aid to National Cooperative Development Corporation (NCDC)" with an outlay of Rs 2000 crore for a period of four years from 2025-26 to 2028- 29 (Rs 500 crore each year from FY 2025-26).
Based on a grant in aid of Rs 2000 crore to NCDC from FY 2025-26 to FY 2028-29, NCDC will be able to raise Rs 20,000 crore from the open market over a span of four years.
These funds will be utilised by NCDC for granting loans to Cooperatives for setting up new projects/expansion of plants, and loans for meeting the working capital requirements.
Approximately 2.9 crore members of 13,288 Cooperative societies of var...
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