National Cooperative Development Corporation

August 12, 2026 9:21 PM

Parliament passes bill to amend NCDC Act to boost cooperative sector

The Rajya Sabha on Wednesday passed a bill to broaden the mandate of the National Cooperative Development Corporation (NCDC) to give loans and grants directly to cooperative societies in the country. The National Co-operative Development Corporation (Amendment) Bill, 2026, to amend the National Co-operative Development Corporation Act, 1962, was passed by the Lok Sabha on Tuesday. The NCDC, a statutory organisation under the Ministry of Cooperation, was established in 1963 under the National C...

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...

December 4, 2024 6:13 PM

India expands world’s largest grain storage plan in cooperative sector

Under the pilot phase of the ambitious World’s Largest Grain Storage Plan in the cooperative sector, godowns have been successfully constructed at Primary Agricultural Credit Societies (PACS) in 11 states across India. These include Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka, Gujarat, Madhya Pradesh, Uttarakhand, Assam, Telangana, Tripura, and Rajasthan. The initiative, supported by the National Cooperative Development Corporation (NCDC), National Bank for Agriculture and Rural Develop...