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Grant in Aid to the NCDC Scheme
August 5 , 2025
17 hrs 0 min
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- The Union Cabinet approved a ₹2,000 crore grant under a Central Sector Scheme titled Grant in Aid to National Cooperative Development Corporation (NCDC).
- The scheme will be implemented over four years from 2025 to 2029 with ₹500 crore allocated annually.
- The NCDC will use the grant to raise ₹20,000 crore from the open market to fund loans for cooperatives.
- The scheme will boost the rural income to generate employment and strengthen infrastructure in the cooperative sector.
- It aims to empower marginalised communities and women by enhancing credit access and modernising cooperative operations.
- India has over 8.25 lakh registered cooperatives with more than 29 crore members.
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