Updated By: LatestGKGS Desk
Union Ministry of Agriculture has launched a new scheme named “Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme”.
It was unveiled by Agriculture Minister Radha Mohan Singh while inaugurating the 65th All India Cooperative Week organised by the National Cooperative Union of India (NCUI) on 14th November 2018 in New Delhi.
The scheme aims to provide cheaper loans to startups in the cooperative sector.
This scheme will be implemented by National Cooperative Development Corporation (NCDC) by linking it to Rs 1000 crore ‘Cooperative Start-up and Innovation Fund (CSIF) created by it.
This schemes would provide term loans with 2% less than the applicable rate of interest to projects costing up to Rs 3 crore including 2 years moratorium on payment of principal.
General category projects would be provided 70% of the project cost whereas special catergories would be getting about 80% of the project cost.
Besides more incentives will be provided for cooperatives of North Eastern region, Aspirational Districts and cooperatives with women or SC or ST or PwD members.
This is a part of Sahakar 22, a Mission for Doubling Farmers’ Income by 2022, embarked on by NCDC.
NCDC is an ISO 9001:2015 compliant organisation and has a distinctive edge of competitive financing. It supports cooperatives in diverse fields apart from agriculture and allied sectors.
Headquarters: New Delhi
MD: Sundeep Kumar Nayak
Agmark Online Platform on (agriculture.gov.in) for quality c...
Union Cabinet Minister of agriculture and farmers welfare Ra...
Central Government to give a huge subsidy on the insurance o...
National Commission on Agriculture Social Forestry Program H...
Commission for Agricultural Costs and Prices (CACP) Objectiv...
CCEA Approved Continuation of Nutrient Based Subsidy (NBS) S...
Ministry of Agriculture & Ministry of Skill Development ...
Prime Minister Narendra Modi to Inaugurate Krishi Unnati Mel...
Agriculture Ministry Added New Features in e-NAM Platform- D...
International Conference 'Agricon 2018' and 'Agriexpo 2018' ...
Budget 2018: Operation Greens Initiative-Details, Features, ...
Budget 2018: Gobar-Dhan (Galvanizing Organic Bio-Agro Resour...
» Agmark Online Platform On (agriculture.gov.in) For Quality Certification
» Radha Mohan Singh: Profile, early life, works, leadership as cabinet minister
» Ministry of Agriculture Livestock Insurance Scheme for cattle
» Delhi Government & Indian Railways Partners For New Mukhyamantri Tirth Yatra Yojana
» Essential documents for Saura Jalanidhi Yojana and Features of the scheme
» UIDAI to roll out Aadhaar Seva Kendra over next few months to ensure ease in services
Privacy Policy | Twitter | RSS