What Is National Cooperative Development Corporation

Question

Hii sir, I wants to get the Information About the Is National Cooperative Development Corporation ?

Answer

National Cooperative Development Corporation was established by an Act of Parliament in 1963 as a statutory Corporation under Ministry of Agriculture & Farmers Welfare.

Genesis
The National Cooperative Development Corporation (NCDC) was established by an Act of Parliament in 1963 as a statutory Corporation under the Ministry of Agriculture & Farmers Welfare.

Functions

Planning, promoting and financing programmes for production, processing, marketing, storage, export and import of agricultural produce, food stuffs, certain other notified commodities e.g. fertilisers, insecticides, agricultural machinery, lac, soap, kerosene oil, textile, rubber etc., supply of consumer goods and collection, processing, marketing, storage and export of minor forest produce through cooperatives, besides income generating stream of activities such as poultry, dairy, fishery, sericulture, handloom etc.

NCDC Act has been further amended which will broad base the area of operation of the Corporation to assist different types of cooperatives and to expand its financial base.

NCDC will now be able to finance projects in the rural industrial cooperative sectors and for certain notified services in rural areas like water conservation, irrigation and micro irrigation, agri-insurance, agro-credit, rural sanitation, animal health, etc.

Sources of Funds

Internal accruals, market borrowings and allocations from Government of India including International assistance.

Purposes for which assistance is provided

Margin money to raise working capital finance (100% loan)
Strengthening of share capital base of societies (100% loan)
Working capital to regional/state level marketing federations (100% loan)

Contact Details :
National Cooperative Development Corporation
Siri Institutional Area, Hauz Khas, NEW DELHI – 110016
Phone: 011-26962478, 26960796, 26962379, 26569246

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