July 31, 2025 4:45 PM
Cabinet approves ₹2,000 crore grant to NCDC to boost cooperative sector
In a move aimed at strengthening India’s cooperative sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a Central Sector Scheme titled “Grant in Aid to National Cooperative Development Corporation (NCDC)” with a total outlay of ₹2,000 crore. The scheme will be implemented over a four-year period from 2025-26 to 2028-29, with an annual budgetary allocation of ₹500 crore. The approved grant will enable NCDC to raise ₹20,000 crore from the open mar...