The Union Agriculture and Farmers’ Welfare Minister Radha Mohan Singh addressed the 78th meeting of General Council of National Cooperative Development Council (NCDC) on Wednesday in N Delhi and lauded it for sterling performance in the financial year 2014-15 .
Congratulating NCDC and its team of dedicated officers for their excellent performance in the fiscal year 2014-15 Mr Singh said that while financial sanctions of the order of Rs.7160 crore were made, the disbursements stood at Rs.5736 crore, exceeding the target of Rs.4800 crore.
In a spectacular performance NCDC has posted a profit of Rs.169.30 crore. Net NPA of the Corporation was maintained at ‘Zero’ and recovery rate was 99.89%.
Readers would note that NCDC aims to achieve promote cooperative development in the country, through financial assistance schemes covering farm and non-farm sectors, industrial and service cooperatives. NCDC has completed over five decades of service to the cooperatives and as a vibrant organization, continues to strive for sustained promotion and development of the cooperatives.
Several top notch cooperators including NCUI President Chandra Pal Singh Yadav, Shivaji Rao Patil along with top officials of Ministry and MD of NCDC were present on the occasion.
Speaking on the occasion Singh said India is a leading producer of agricultural products and agriculture continues to be the backbone of Indian economy. While increased productivity is an essential component of a vibrant Agricultural sector, improved post harvest handling and processing is essential to ensure value addition, reduction in wastage and transporting good quality products to markets.
It is here that agricultural cooperatives have a very important role to play. NCDC will continue to play a pivotal role in furthering the development of cooperatives in the larger interest of the farmers and rural populace, he added.