(a)        National Cooperative Development Corporation (NCDC), a statutory corporation under the administrative control of Ministry of Cooperation as part of its mandate of encouraging new cooperatives under start-up India and stand-up India programmes aimed at promoting young entrepreneurs  implements “Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme”. The scheme aims to encourage newly formed cooperative societies with new and / or innovative ideas and provides assistances to cooperative societies which have been operational for a minimum of three months. Under the Scheme, NCDC provides 2% interest subvention on the rate of interest on term loan besides easy financing.

(b)        The number of beneficiary members under the scheme and the details of the amount disbursed, including state-wise data is as per Annexure I. NCDC funding is project based against application. No proposal has been received under the Scheme from any cooperative in Jharkhand.

(c)        The scheme has relaxed norms with regard to eligibility criteria for cooperatives in North East region, cooperatives with 100% women/ SC/ ST/ PwD members and cooperatives in Aspirational Districts as identified by NITI Aayog. Under Yuva Sahakar Scheme, Cooperative societies are required to contribute 30% of the project cost as equity. However to increase and encourage participation from women, Scheduled Caste (SC), Scheduled Tribe (ST) cooperatives and cooperatives of North East region and Aspirational Districts, the required contribution is only 20% of the project cost.

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Annexure I

                                 *upto 31/12/2025

This information was given by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Rajya Sabha.

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AK/AP