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Development of Agricultural Cooperative Sector

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Ministry of Cooperation

Development of Agricultural Cooperative Sector


Posted On:
10 AUG 2021 6:05PM by PIB Delhi

National Cooperative Development Corporation Act, 1962 Provides for planning and promoting programmes for the production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock, certain other commodities and services on co-operative principles and for matters connected therewith or incidental thereto.

Since inception and till 31.03.2021, NCDC has disbursed Rs.1.77 lakh crore to cooperatives for their development. It includes assistance to agricultural and horticulture cooperative societies.

Details of assistance disbursed by NCDC to cooperatives during each of the last three years and the current year are given below:

Rs. In crore

YEAR

DISBURSEMENT

2018-19

28272.51

2019-20

27703.43

2020-2021

24733.24

2021-2022 (As on 31.07.2021)

8676.63

 

The “Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC)” is a Central Sector Scheme for assistance to NCDC programmes for development of Cooperatives. Under the scheme, loan is extended by NCDC from its own resources and subsidy is provided by the Government of India.

Year-wise subsidy disbursed under CSISAC in the last three years is given below:

Rs. In crore

YEAR

SUBSIDY DISBURSED

2018-19

125.60

2019-20

118.13

2020-2021

311.39

 

The number of Agricultural Cooperatives is given below:

1.

Tamil Nadu

4511

2.

Maharashtra

21217

3.

Andaman and Nicobar (Island)

51

 

NCDC plans and promotes programmes on co-operative principles. It assists cooperatives only. NCDC financial assistance schemes encourage and attract people to form new cooperatives for carrying out business activities.

NCDC has extended cumulative financial assistance to cooperatives to the tune of Rs.1.86 lakh crore as on 30.06.2021. Out of this, Rs.1.31 lakh crore has been disbursed in the last seven years (since 2014-15) signifying 286% increase compared to the period, 1963-2014.

Finance schemes of NCDC cover activities such as agro-processing, horti-processing, credit, inputs, computerization, storage, cold chain, textile, handloom, sugar, ethanol, dairy, fisheries, livestock, piggery, poultry, renewable energy, rural housing, scheduled caste & scheduled tribes, women cooperatives, animal care/health, hospitality & transport, electricity & power, hospitals, healthcare and education etc.

Under its SAHAKAR-22 initiatives, NCDC has in the last two years, has reached out to over 10000 primary level cooperative societies.

To encourage youth towards cooperatives, NCDC has launched its YUVA SAHAKARCooperative Enterprise Support and Innovation Scheme which aims at enabling Start-Ups in cooperative sector different types of business activities.

Under its SAHAKAR MITRA scheme, NCDC offers internship opportunities to students get experience in areas offunctioning of NCDC and related aspects of cooperatives.

Under its AYUSHMAN SAHAKAR scheme, NCDC offers finance to cooperatives set up healthcare infrastructure and provide services.

Government of India schemes such as the Formation and Promotion of 10,000 Farmers Producer Organizations (FPO) provide for registration and support of new cooperatives as FPOs. NCDC is one of the implementing agencies promoting such FPOs.

The Formation and Promotion of Fish Farmers Producer Organizations (FFPO) under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) provides for registration and support of new cooperatives as FFPOs, NCDC being an implementing agency for promoting such FFPOs.

This was stated by the Minister of Cooperation, Shri Amit Shah in a written reply to question in the Lok Sabha today.

 

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NW/RK/PK/DDD/3551

(Release ID: 1744497)
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