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New Delhi : Union Agriculture and Farmers Welfare Minister Radha Mohan Singh on December 14 said here that the NCDC will extend utmost co-operation in all matters pertaining to providing necessary technical support and financial assistance to the cooperatives. Presiding over 80th meeting of General Council of NCDC held here, he said that all such proposals will be considered and new projects implemented immediately.
Agriculture Minister informed that NCDC promotes cooperative development in the country by providing financial assistance to cooperatives in agriculture and non- agriculture, industrial and service sectors. NCDC’s scheme have been formulated keeping in view increase in income and improvement in livelihood of economically weaker sections like farmers, artisans, weavers, poor agricultural masses, women and tribals etc. The corporation has been working towards providing financial assistance, continuous promotion and development of Cooperatives for more than last five decades.
Singh said that NCDC has disbursed more than Rs 7,000 crore during the year 2015-16, which is 24.10% higher than during the preceding year. The Corporation’s net NPA was maintained at ‘zero’ and recovery rate was 99.98%. During current financial year, the Corporation has sanctioned financial assistance of Rs10,162 crore up to November 30, 2016. NCDC’s target for the year 2016-17 is Rs.6,000 crore, which was to be achieved by March 2017. However NCDC achieved this target on November 18, 2016 itself, according to a PIB release.
Agriculture Minister stated that there is a huge network of cooperatives in the country, which is the largest in the world. About seven lakh cooperatives are in existence here and 98% villages are covered by these cooperatives and farmers have easy access to them. This was first meeting of reconstituted General Council of NCDC