NCDC's Rs 20,000 Cr Market Boost: Government Grant Fuels Growth

NCDC’s Rs 20,000 Cr Market Boost: Government Grant Fuels Growth

The National Cooperative Development Corporation (NCDC) is set to receive a significant financial injection. A government grant-in-aid of Rs 2,000 crore, allocated from FY 2025-26 to FY 2028-29, will act as a catalyst for substantial growth.

This substantial funding will enable NCDC to leverage its resources and raise a further Rs 20,000 crore from the open market over the next four years. This strategic move is expected to significantly boost the cooperative sector.

The infusion of capital will strengthen NCDC’s ability to support various cooperative societies across the nation. This, in turn, is anticipated to benefit millions of farmers and rural entrepreneurs.

This development holds immense significance for India’s rural economy. The enhanced financial capacity of NCDC will directly impact the livelihoods of countless individuals dependent on the cooperative sector for their economic well-being. The government’s commitment underscores its focus on empowering rural communities through cooperative development.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.