Union Home and Cooperation Minister Shri Amit Shah addressed the 92nd General Council Meeting of the National Cooperative Development Corporation (NCDC) in New Delhi

Ministry of Cooperation Union Home and Cooperation Minister Shri Amit Shah addressed the 92nd General Council Meeting of the National Cooperative Development Corporation (NCDC) in New Delhi Shri Amit Shah said that NCDC has emerged as a strong instrument for empowering cooperative societies and providing them with financial assistance Cooperation Minister Shri Shah emphasized promoting circular economy in the sugar and dairy sector, which will directly benefit farmers Shri Amit Shah said that NCDC has played a pivotal role in launching the country’s first cooperative taxi service; this will greatly benefit drivers Over the last 4 years, the financial assistance provided by NCDC to cooperative institutions has increased nearly four times, reaching ₹95,200 crore Strengthening of 1,070 FFPOs with NCDC’s support; work underway on 2,348 more Shri Amit Shah called for special focus on dairy, livestock, fisheries, and women cooperative societies: NCDC to allocate ₹20,000 crore NCDC promoting the Blue Economy: Trawlers provided for deep-sea fishing have financially empowered womenBy opening new offices in Jammu & Kashmir, Ladakh, and the Northeast, NCDC has expanded its network Posted On: 19 NOV 2025 9:47PM by PIB Delhi Union Home and Cooperation Minister Shri Amit Shah today addressed the 92nd General Council Meeting of the National Cooperative Development Corporation (NCDC) in New Delhi. He said that following the establishment of the Ministry of Cooperation under the leadership of Prime Minister Shri Narendra Modi, the cooperative sector has witnessed unprecedented progress, and NCDC has emerged as the principal foundation of this transformation. Shri Shah stated that the Government is committed to bringing positive change to the lives of farmers, rural families, fishers, small producers, and entrepreneurs through the cooperative movement, and cooperation is playing a vital role in the nation’s efforts toward self-reliance. In his address, Union Home and Cooperation Minister Shri Amit Shah said that NCDC, established to empower cooperative societies and make financial assistance accessible to them, has increased its total disbursement from ₹24,700 crore in the financial year 2020-21 to ₹95,200 crore in 2024-25. Over the past four years, NCDC has undertaken major initiatives to strengthen the cooperative sector and has set new benchmarks in financial inclusion, innovation, and expansion. Shri Amit Shah said that cooperation is an excellent model for making India a developed economy because it ensures participation and livelihood opportunities in rural areas. In the last four years, NCDC has registered a compound annual growth rate of over 40 percent, maintained zero net NPA, and achieved its highest-ever net profit of ₹807 crore, which has strengthened the institution’s credibility and reputation. NCDC has effectively worked in the sectors of dairy, food processing, textiles, and marketing through DCCBs, State Cooperative Banks, and State Marketing Federations. The efforts being undertaken for PACS as Farmer Producer Organizations are ensuring that farmers receive fair value for their produce and community benefit is being encouraged over individual profit. To promote organic farming, organic production, and exports following the Green Revolution, multi- state cooperative institutions such as National Cooperative Exports Limited (NCEL), Bharatiya Beej Sahakari Samiti Limited (BBSSL), and National Cooperative Organics Limited (NCOL) arecommitted to driving these initiatives. In the fisheries sector, NCDC has achieved the target of formation and strengthening of 1,070 FFPOs and work is underway to strengthen 2,348 FFPOs under the Pradhan Mantri Matsya Kisan Samriddhi Sah-Yojana. Financial assistance provided for purchasing trawlers for deep-sea fishing in Maharashtra and Gujarat has boosted the Blue Economy and economically empowered the fishing community, especially women. Shri Amit Shah said that the circular economy should be encouraged in the sugar and dairy sectors to increase profitability. Based on the ₹1,000 crore government grant provided for modernizing cooperative sugar mills, NCDC has disbursed ₹10,005 crore to 56 sugar mills for ethanol plants, co- gen, and working capital, enabling mills to access alternative income streams and low-interest loans. Shri Amit Shah stated that NCDC is playing a key role in establishing the cooperative-based “Bharat Taxi” ride-hailing service. The new multi-state cooperative society has been registered, and driver enrolment along with technological development is under progress. NCDC has expanded the reach of cooperation by establishing a new regional office in Vijayawada and sub-offices in Jammu & Kashmir, Ladakh, Sikkim, Manipur, Mizoram, Tripura, Arunachal Pradesh, Meghalaya, and Nagaland. Based on the ₹2,000 crore government grant approved on 31 July 2025, NCDC is mobilizing ₹20,000 crore to provide long-term and working-capital loans at concessional rates to dairy, livestock, fisheries, sugar, textile, food processing, storage, cold storage, agriculture, and women cooperative societies. Alongside this, NCDC has provided substantial support to the umbrella organization of urban cooperative banks and Sahakar Sarathi, through which technology services will be delivered to urban and rural cooperative banks. To increase youth participation, NCDC’s “Cooperative Intern” programme is being implemented effectively, under which selected interns are providing technical and managerial support to cooperative institutions. The General Council of NCDC comprised of 51 members, including senior officials from various ministries, state governments, top cooperative organizations, and NITI Aayog. This Council is the apex body responsible for formulating policies and guidelines for financing cooperative development, agriculture, rural infrastructure, and allied sectors. *** AK (Release ID: 2191892) Visitor Counter : 740 Read this release in: Urdu , ही , Assamese , Gujarati , Odia , Kannada