National Cooperative Development Corporation playing crucial role in fulfilling PM Modi’s vision of Sahakar se Samridhi: Amit Shah

Cooperation Minister Amit Shah has said that the National Cooperative Development Corporation (NCDC) is playing a crucial role in fulfilling Prime Minister Narendra Modi’s vision of Sahakar se Samridhi. Addressing the 89th General Council meeting of the NCDC in New Delhi today, Mr Shah said, his Ministry has taken several initiatives to strengthen cooperative movement in the country. These initiatives have special focus on strengthening the Primary Agriculture Credit Societies. He said, Cooperatives are the only medium for economic development of 60 crore population of the country, which do not have capital.
 
The Minister added that a National Cooperative Database has been developed with the assistance of State Governments, which is having comprehensive, authentic and updated data of more than eight lakh cooperative societies. Mr Shah said that NCDC has disbursed financial assistance of more than 41 thousand crore rupees in 2022-23 across the country including rural areas. He said, NCDC is set to achieve ten times growth in disbursement of financial assistance in the current financial year from around five thousand crore rupees in 2013-14. Mr Shah said that NCDC should set a target of achieving one lakh crore rupees yearly disbursement in the next three years.