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Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme

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‘Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme”

My dear members this post is too much long but read carefully because I have included all that things that Essential for your exam preparation.

On November 14 2018 Union Agriculture Minister Shri Radha Mohan Singh launched ‘Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme”

This scheme will be work under National Cooperative Development Corporation (NCDC)

The main aim of this scheme is to attracting youth in cooperative business ventures.
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The scheme is linked to Rs 1000 crore ‘Cooperative Start-up and Innovation Fund (CSIF)’ created by the NCDC.

But remember at present In order to make the ‘Yuva Sahakar-Cooperative Enterprise Support and Innovation Scheme” attractive, the Central Government has increased the loan limit for this fund from Rs 1 crore to Rs 3 crore.

Under this scheme, the government will also provide two percent concession of interest.

And Under this scheme, the loan repayment period will be started after two years. Agrilearner

My dear members we should know about National Cooperative Development Corporation (NCDC) in detail .

National Cooperative Development Corporation (NCDC) formed in – 1963

Headquarter in – New Delhi.

Minister of (NCDC)- Radha Mohan Singh.

Managing Director –
Shri Sundeep Kumar Nayak.

And one of the most important thing that we should remember that (NCDC) comes under “Ministry of Agriculture & Farmers Welfare”
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Function of (NCDC)- Planning, promoting and financing programmes for production, processing, marketing, storage, export and import of agricultural produce, food stuffs, certain other notified commodities e.g. fertilisers, insecticides, agricultural machinery, lac, soap, kerosene oil, textile, rubber etc.,

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