Union Home and Cooperation Minister Shri Amit Shah 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 Narendra Modi, the cooperative sector has witnessed unprecedented progress, and NCDC has emerged as the principal foundation of this transformation. 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 nationтАЩs 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 тВ╣24,700 crore in the financial year 2020-21 to тВ╣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.
Amit Shah said that the circular economy should be encouraged in the sugar and dairy sectors to increase profitability. Based on the тВ╣1,000 crore government grant provided for modernizing cooperative sugar mills, NCDC has disbursed тВ╣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.
Amit Shah stated that NCDC is playing a key role in establishing the cooperative-based тАЬBharat TaxiтАЭ 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 тВ╣2,000 crore government grant approved on 31 July 2025, NCDC is mobilizing тВ╣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.
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 тВ╣807 crore, which has strengthened the institutionтАЩs 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.
