NCDC (Syllabus: GS Paper 2 – Governance)

News-CRUX-10     11th October 2023        

Context: The Union Home Minister and Minister of Cooperation addressed the 89th General Council meeting of the National Cooperative Development Corporation (NCDC) in New Delhi recently.

National Cooperative Development Corporation (NCDC)

  • About: The National Cooperative Development Corporation (NCDC) was established by an Act of Parliament in 1963 as a statutory Corporation.
  • Establishment: 1963.
  • Nodal Ministry: Ministry of Cooperation.
  • Headquarters: New Delhi.
  • Functions

oThe organization is responsible for planning, promoting, and providing financial support for programs related to the production, processing, marketing, storage, export, and import of agricultural produce.

oIn addition to agricultural endeavors, the organization is involved in the supply of consumer goods and the collection, processing, marketing, storage, and export of minor forest produce through cooperatives.

oThe organization plays a vital role in assisting various types of cooperatives and aims to expand their financial base.

oFinancial support is extended to projects in the rural industrial cooperative sectors and certain notified services in rural areas.

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