The Dirghavadhi Krishak Punji Sahakar Yojana has been launched by the National Cooperative Development Corporation under the Ministry of Cooperation to strengthen long-term credit for cooperatives.
The scheme aims to provide long-term financial support for agriculture and allied sectors, promoting capital formation and rural infrastructure development.
It targets cooperative societies with sound financial performance to ensure steady institutional credit flow and improve productivity.
National Cooperative Development Corporation conducts appraisal, monitoring and loan sanction with proper security and due diligence norms.
Recovery mechanisms include legal provisions under SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002 and Debt Recovery Tribunal (DRT) proceedings.