National News

NCDC Amendment Bill

August 13 , 2026 16 hrs 0 min 21 0

The Lok Sabha passed the National Cooperative Development Corporation (NCDC) Amendment Bill, 2026.
The Bill allows NCDC to give loans and grants directly to cooperative societies and entities working for cooperative development.
With Central Government approval, NCDC can also participate in the share capital of cooperatives and related entities.
NCDC was established in 1963 under the National Cooperative Development Corporation Act, 1962.
The Bill expands the definition of foodstuffs and removes geographical restrictions on assistance for industrial goods.
These changes aim to provide faster and more flexible financial support for the cooperative sector.