NCDC disbursed Rs 95,200 cr in FY25 to coop societies: Shah, Pg7

Key Highlights:

• The National Cooperative Development Corporation (NCDC) disbursed Rs 95,200 crore to cooperative societies in FY25.
• Union Minister Amit Shah commended NCDC's role in launching "Bharat Taxi," the first cooperative-based ride-hailing service.
• NCDC's disbursement increased from Rs 24,700 crore in FY 2020-21 to Rs 95,200 crore in FY 2024-25.
• NCDC achieved its highest-ever net profit of Rs 807 crore and maintained zero net Non-Performing Assets (NPA).

Detailed Insights:

• The NCDC aims to empower cooperative societies by providing accessible financial assistance.
• Bharat Taxi, a new multi-state cooperative society, is under development with driver enrollment and technological advancements underway.
• NCDC has registered a compound annual growth rate of over 40% in the last 4 years.
• The government grant of Rs 2,000 crore, approved on July 31, 2025, will help NCDC mobilize Rs 20,000 crore for concessional loans.
• These loans will support dairy, livestock, fisheries, sugar, textile, food processing, agriculture, and women cooperative societies.
• Encouraging a circular economy in the sugar and dairy sectors can enhance profitability for cooperative societies.

Key Concepts Involved:

• Cooperative Society: An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs.
• Non-Performing Asset (NPA): A loan or advance for which the principal or interest payment remained overdue for a period of time.
• Circular Economy: An economic system aimed at minimizing waste and making the most of resources.