NCDC Implements Yuva Sahakar And Swayamshakti Schemes

The National Cooperative Development Corporation (NCDC) is in the process of establishing an innovation and empowerment program in the cooperative industry of India through the scheme of Yuva Sahakar and Swayamshakti Sahakar (NCDC, 2008). 

These are fully-funded programs, which are under the ministry of Cooperation and aim at empowering young entrepreneurs and women led groups to propel sustainable livelihoods and financial inclusion.

What is the Yuva Sahakar Scheme?

This plan favors the establishment of new cooperative communities by young entrepreneurs and gives financial aid to start-ups that offer new ideas. 

It provides long-term credit of up to five years with 2% interest subvention to enable it to overcome the initial capital barrier and scale-based project according to the needs of the locality. 

According to the latest statistics, NCDC has already approved major funding, including Rs 4,734.97 lakh that served 18,915 members by the end of 2024.

What is Swayamshakati Sahakar Yojana?

It targets self-help groups of women (Self-Help Groups) to provide access to low-cost bank credit on collective socio-economic endeavors. 

It facilitates economic inclusion of the economically disadvantaged groups allowing viable business and trusted services. 

The focus on female cooperatives enhances community-based development in the country.

The Role and Recent Disclosures of NCDC

Both schemes are funded entirely by the NCDC, and as a statutory body of the Ministry of Cooperation, the information on assistance in 2022-25 is posted by Union Minister Amit Shah in the Rajya Sabha. 

The transparency represents a continuing support of cooperatives, both primary to the apex levels, within the vision of Sahakar-se-Samriddhi.

The example of NCDC implementation of Yuva Sahakar and Swayamshakti schemes is a case of cooperative-led development which supports youth and women by funding them and providing innovation. 

These initiatives enhance economic resiliency and inclusiveness, which outlines an expandable framework of the cooperative ecosystem in India.

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