Speaking on the occasion of 84th General Council meeting of NCDC on Wednesday in Delhi Union Agriculture & Farmers Welfare Minister Shri Radha Mohan Singh the cooperative lender has already achieved an all-time high release of over Ra 25,000 crore which is 210% of the current year target.
It is a matter of pride that net NPA of the Corporation is maintained at ‘Zero’ with recovery rate being over 98%, Minister said adding NCDC’s new scheme ‘Yuva Sahakar’ launched earlier for young entrepreneurs in cooperatives is already making a mark.
Newly formed cooperatives will be able to take advantage of the ‘Cooperative Start up and Innovation Fund’ created by NCDC with liberalized assistance for cooperatives in the North Eastern Region, Cooperatives registered and operating in Aspirational Districts, cooperatives with 100% women/SC/ST/Person with Disability (PwD) members, Singh underlined.
NCDC has also begun taking advantage of the New Agriculture Export Policy and as part of the initiative, NCDC and Agricultural and Processed Food Products Export Development Authority (APEDA) have identified common areas of cooperation and entered into an MoU, Minister stressed.
This collaboration will facilitate in providing better value to the stakeholders in agri and allied sectors through a variety of activities including focus on export in line with the policies of the Government, he added.
The Minister informed that the NCDC is organizing a first of its kind ‘India International Cooperative Trade Fair’ in October, 2019 in New Delhi. The Cooperative Trade Fair will provide platform for sale, market, product display, conferences, buyer-seller meet, networking, policy advocacy etc to national and international cooperatives and related institutions.
Minister concluded saying NCDC has played a crucial role in promoting cooperative development in the country by progressively shaping its financial schemes and programmes for benefitting farmers through cooperatives.