“NCDC has disbursed Rs
5,630 crore funds till January this fiscal for various cooperative development
programmes,” Agriculture Minister Radha Mohan Singh said today.
Corporation Sponsored
Schemes are exclusively funded by National Cooperative Development Corporation
from its own resources.
Various cooperatives development programs got
funded as NDMC which funds various corporate sponsored schemes from its
resources. In the current year 2015-16, while
financial sanctions of Rs 5,698 crore have been made upto January 31,
disbursement stood at Rs 5,630 crore, exceeding the target of Rs 5,600 crore
for the year. NPA’s were maintained at zero and recovery rate was over 99.2%.
Weak community support
is the major reason for the farmer's distress, and strong cooperative movement
is the only answer to this problem and steps shall be taken to strength NCDC
for having strong cooperative sector in the country .
Source:Economicetimes
