At the 71st General Council meeting of the National Cooperative Development on 6th April, 2011 Shri Sharad Pawar,Union Minister commended the NCDC for releasing financial assistance to the tune of Rs.4703 crore thus making highest ever disbursement.
Besides, a record amount of Rs.6292 crore was also sanctioned. During the meeting, Programme of Activities of NCDC for the year 2011-12 involving a financial outlay of Rs.4000 crore was approved. It was noted that the recovery rate of loans provided by NCDC continues to remain high at 99.7%.
Pawar said that agriculture is expected to grow at 5.4 per cent in 2010-11, and early estimates indicate bright prospects of foodgrains production at 232 million M.T. This achievement is in spite of erratic climatic factors and global financial crisis.
Priority will be given to programmes aimed at benefiting weaker sections and remote regions. Integrated Cooperative Development Projects and projects in new thematic areas. Due emphasis will be given for assisting small cutting–edge projects in larger numbers, added Pawar