National Cooperative Development Corporation (NCDC) has provided a financial assistance of Rs 6,808 crore to the States of Jharkhand and Bihar under the Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) as on 07 December 2022.
Union Home and Cooperative Minister Amit Shah shared this while giving reply to a query raised by Lok Sabha members. NCDC provided Rs 156.80 crore to Jharkhand whereas Rs 6652.12 crore to Bihar.
He further added that in order to revitalize the cooperative sector, empower cooperative societies and deepen their reach to the grassroots in all States, including the States of Jharkhand and Bihar, the Ministry of Cooperation has taken various initiatives.
“In order to provide adequate, affordable and timely credit to co-operative institutions to give a boost to the co-operative based economic development model, non-scheduled Urban Co-operative Banks, State Co-operative Banks and District Central Co-operative Banks have been notified as Member Lending Institutions in Guarantee Fund Trust (CGTMSE) Scheme vide circular dated 3rd February, 2022”, Shah’s reply reads.