Cooperative capital boost: Cabinet okays Rs 2,000cr aid to NCDC; cooperatives to gain from Rs 20,000cr market raise
The Union Cabinet has approved a Rs 2,000 crore scheme to bolster cooperative activities in rural sectors. This grant-in-aid to NCDC will enable them to raise Rs 20,000 crore for loans to cooperatives. The initiative aims to benefit millions of members across various sectors, modernizing infrastructure, enhancing productivity, and generating rural employment.
The Union Cabinet has approved a Rs 2,000 crore scheme to bolster cooperative activities in rural sectors. This grant-in-aid to NCDC will enable them to raise Rs 20,000 crore for loans to cooperatives. The initiative aims to benefit millions of members across various sectors, modernizing infrastructure, enhancing productivity, and generating rural employment.
