Yuva Sahakar Scheme
Yuva Sahakar Scheme
“Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme” is being implemented by National Cooperative Development Corporation (NCDC) a statutory corporation under the administrative control of Ministry of Cooperation, across the country, with the aim to encourage newly formed cooperative societies with new and/or innovative ideas. The scheme encourages young entrepreneur Cooperative Societies which are in operation for a minimum of 3 months. The loan provided under the scheme is a long-term loan (up to 5 years) and as an incentive, NCDC provides 2% interest subvention on its applicable rate of interest on term loan for the project activities. Further, the loan component under the scheme can also be dovetailed with subsidy, as applicable and available from other Government of India schemes. NCDC funding is project based. No proposal has been received from any eligible cooperative of Himachal Pradesh and Andhra Pradesh so far under Yuva Sahakar Scheme.
The quantum of funds sanctioned and disbursed so far in the current year is as under: –
(Rs. In Lakh)
Sanctioned amount *
Disbursed amount*
230.61
89.88
*as on 30.11.2024
As on 30/11/2024, NCDC has sanctioned financial assistance of Rs.4734.97 lakh to cooperatives with 18915 beneficiary members and released assistance of Rs.294.44 lakh. No proposal is received from any eligible cooperative of Himachal Pradesh.
The steps by the Ministry for the Development of the Cooperatives across the country are annexed.
ANNEXURE
Progress on major initiatives taken by Ministry of Cooperation
Ministry of Cooperation, since its inception on 6th July, 2021, has undertaken several initiatives to realize the vision of “Sahakar-se-Samriddhi” and to strengthen & deepen the cooperative movement from Primary to Apex level Cooperatives in the country. List of initiatives taken and progress made so far are as follows:
This was stated by the Minister of Cooperation, Shri Amit Shah in a written reply to a question in the Lok Sabha.
- Making Primary Cooperatives economically vibrant and transparent