Cabinet approves Rs 2,000 cr grant-in-aid for NCDC

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....abinet approves Rs 2,000 cr grant-in-aid for NCDC<BR>PTI News<BR>Dated:- 31-7-2025<BR>PTI<BR>New Delhi, Jul 31 (PTI) The Union Cabinet on Thursday approved a Rs 2,000 crore grant-in-aid to National Co....

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....operative Development Corporation (NCDC) for four years, a move that will help the organisation to mobilise more funds for lending. The decision in this regard was taken in the meeting of the Cabinet....

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.... Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. "To further support a good financial model, the Cabinet approved the capital grant-in-aid of Rs 2,000 crore for NCDC for four ....

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....years," I&B Minister Ashwini Vaishnaw told reporters. NCDC gives loans to more than 8.25 lakh cooperatives, having 29 crore members. Out of the total members, 94 per cent are farmers. With this fina....

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....ncial aid, NCDC will be able to mobilise additional Rs 20,000 crore for further lending, the minister said. Currently, NCDC has a 99.8 per cent loan recovery rate and zero NPA, he added. PTI RAM LUX ....

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....MJH LUX BAL BAL BAL<BR> News - Press release - PIB....