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Government Boosts NCDC with Rs 2,000 Crore Grant
15 Articles
15 Articles
Cabinet Approves Rs 2,000 Crore Grant for National Cooperative Development Corporation - The Statesman
The Union Cabinet Thursday approved a Central Sector Scheme titled "Grant in aid to National Cooperative Development Corporation (NCDC)" with an outlay of Rs 2,000 crore, Union Minister of Information and Broadcasting Ashwini Vaishnaw said.
Government Boosts NCDC with Rs 2,000 Crore Grant
The Union Cabinet has approved a Rs 2,000 crore grant to the National Cooperative Development Corporation to enhance its lending capabilities. This strategic move aims to empower the NCDC to mobilize an additional Rs 20,000 crore, benefiting over 8.25 lakh cooperatives across India, primarily helping farmers.
Centre Approves Rs 2,000 Crore Grant to NCDC to Boost Cooperatives; 2.9 Crore Members to Benefit
Union Cabinet has approved a Rs 2,000 crore Grant-in-Aid scheme for NCDC to boost India's cooperative sector over four years. This move aims to support over 2.9 crore members by funding new projects, modernization, and working capital needs.
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Central Sector Scheme titled “Grant-in-Aid to National Cooperative Development Corporation (NCDC)” with an outlay of Rs 2000 crore for a period of four years from 2025-26 to 2028-29 (Rs 500 crore each year from FY 2025-26). Based on the grant-in-aid of Rs 2000 crore to NCDC from FY 2025-26 to 2028-29, NCDC will be able to raise Rs 20,000 crore from the open mar…
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