[pib] Nandini Sahakar Yojana

Schemes | Governance | Mains Paper 2: Government Scheme/Policies

Why in the News?

The Minister of Cooperation has provided some information about the Nandini Sahakar Yojana.
- NCDC has cumulatively disbursed financial assistance amounting to Rs. 6426.36 crore for the development of cooperative societies exclusively promoted by women across the country.

The Nandini Sahakar Scheme was initiated by the National Cooperative Development Corporation (NCDC) in 2010.

It is a women-focused framework providing financial assistance, project formulation, hand-holding, and capacity development.
The scheme aims to assist women cooperatives in undertaking business model-based activities under the purview of NCDC.

Any cooperative society with at least 50% women as primary members and a minimum of three months in operation is eligible to apply.
Assistance is provided in the form of credit linkage for infrastructure term loans and working capital, along with subsidies or interest subvention from other government schemes.
There is no minimum or maximum limit on financial assistance for projects by women cooperatives.
NCDC offers a 2% interest subvention on its rate of interest on term loans for new and innovative activities.
A 1% interest subvention is provided on term loans for all other activities, resulting in lower borrowing costs for women cooperatives.

Join us across Social Media platforms.

Schemes | Governance | Mains Paper 2: Government Scheme/Policies

The Minister of Cooperation has provided some information about the Nandini Sahakar Yojana.
- NCDC has cumulatively disbursed financial assistance amounting to Rs. 6426.36 crore for the development of cooperative societies exclusively promoted by women across the country.

The Nandini Sahakar Scheme was initiated by the National Cooperative Development Corporation (NCDC) in 2010.

It is a women-focused framework providing financial assistance, project formulation, hand-holding, and capacity development.
The scheme aims to assist women cooperatives in undertaking business model-based activities under the purview of NCDC.

Any cooperative society with at least 50% women as primary members and a minimum of three months in operation is eligible to apply.
Assistance is provided in the form of credit linkage for infrastructure term loans and working capital, along with subsidies or interest subvention from other government schemes.
There is no minimum or maximum limit on financial assistance for projects by women cooperatives.
NCDC offers a 2% interest subvention on its rate of interest on term loans for new and innovative activities.
A 1% interest subvention is provided on term loans for all other activities, resulting in lower borrowing costs for women cooperatives.

Join us across Social Media platforms.