Benefits of Yuva Sahakar and Swayam Shakti scheme

Key Highlights:

• The National Cooperative Development Corporation (NCDC) implements the Yuva Sahakar and Swayam Shakti Sahakar schemes.
• Both schemes are fully funded and supported by the NCDC, a statutory organization under the Ministry of Cooperation.
• The Yuva Sahakar Scheme encourages newly formed cooperative societies with innovative ideas.
• The Swayam Shakti Sahakar Scheme facilitates affordable financial services for the poor, including women Self Help Groups (SHGs), to promote sustainable livelihoods.

Detailed Insights:

• The schemes aim to foster cooperative development and socio-economic empowerment across the country.
• NCDC extends funding on a project basis and actively monitors scheme implementation through its 19 Regional Offices and 9 sub-offices.
• Monitoring includes ensuring timely credit flow to women cooperatives and periodic field visits for proper loan disbursement.
• This information was provided by Union Minister for Home and Cooperation Shri Amit Shah in a written reply in Lok Sabha.

Key Concepts Involved:

• National Cooperative Development Corporation (NCDC): A statutory corporation under the Ministry of Cooperation, promoting cooperative programs for agricultural and allied activities.
• Self Help Groups (SHGs): Small voluntary associations of poor people, typically women, who pool resources and provide mutual support and financial services.
• Cooperative Societies: Autonomous associations of persons united voluntarily to meet common economic, social, and cultural needs through a jointly owned enterprise.