The National Cooperative Development Corporation (NCDC) is implementing the Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme to promote young entrepreneurs and strengthen newly formed cooperatives across the country. The scheme operates under the administrative control of the Ministry of Cooperation and aligns with the government’s Startup India and Stand-Up India initiatives.
Designed to support innovative and newly registered cooperative societies, the scheme provides financial assistance to cooperatives that have been operational for at least three months. A key feature is a 2 per cent interest subvention on term loans, making credit more affordable along with simplified financing norms.
According to official data released on February 11, 2026, funding under the scheme is project-based and sanctioned upon application. Notably, no proposal has been received from any cooperative society in Jharkhand so far.
To encourage inclusivity, eligibility norms have been relaxed for cooperatives in the North East, Aspirational Districts identified by NITI Aayog, and societies comprising 100 per cent women, SC, ST, or PwD members. These groups are required to contribute only 20 per cent equity, instead of the standard 30 per cent project cost.