Registrar of Co-Operative Societies
Government of Nagaland

Departmental Scheme - NCDC

National Cooperative Development Corporation

     The National Cooperative Development Corporation (NCDC) was set up in the year 1963 under an Act of Parliament with a countrywide mandate for planning, promotion and financing programmes for processing, marketing, storage, export and import of agriculture produce and certain notified commodities through Cooperatives. NCDC is a unique organization engaged in the development of rural agriculture sector through cooperatives.

     In the year 2002, by virtue of Amendment of NCDC Act, some new activities have been brought into the purview of NCDC namely, livestock, industrial goods, handicrafts, village and rural crafts and development of notified services such as water conservation, irrigation, micro-irrigation, animal care/health, agricultural insurance, agricultural credit, rural sanitation, drainage and sewage systems.

     Financial assistance by the cooperation to the cooperatives is routed through the state government(s) or on the guarantee of the state government(s) or directly on fulfillment of certain conditions.

Patterns of Assistance for Cooperatively Least Developed States:

Activity

NCDC to State Government

State Government to Society

Ratio of Funding

1. Margin money

Loan 75%
Subsidy 25%
Loan or share
capital 75%
Subsidy 25%
Loan 75%
Subsidy 25%

2. Working Capital

Loan as per requirement

Loan

Loan

3. Share Capital

Investment loan as per requirement

Share Capital

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Presently, NCDC schemes are not implemented in the State owing to blanket ban imposed by the State Govt.