📰 News ⏱ 2 min

How India's Cooperative Development Corp Supports Rural Communities

The National Cooperative Development Corporation has provided over 4.14 lakh crore rupees to cooperative societies across India since its inception.

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Key Points

6 points

Total disbursement to date: 4.14 lakh crore rupees.

Recent year disbursement: 1.27 lakh crore rupees.

Loan recovery rate: 99.84%.

Target for 2026‑27: 1.70 lakh crore rupees.

Goal for 2029‑30: about 3.5 lakh crore rupees.

Programs include grants up to 25 lakh rupees for cooperative innovation.

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In the 2025‑26 financial year, it approved projects worth 1.55 lakh crore rupees and disbursed 1.27 lakh crore rupees.

The corporation achieved a loan recovery rate of 99.84% and reported zero non‑performing assets.

Future plans include a 25‑year roadmap aiming for disbursements of up to 3.5 lakh crore rupees by 2030.

Initiatives focus on dairy, fisheries, sugar mills, and encouraging young people through training and innovation schemes.

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10 words

cooperative society

a group of members who own and run a business together

disbursement

the act of paying out money

lakh

a unit equal to one hundred thousand

crore

a unit equal to ten million

non‑performing assets

loans that are not being repaid

roadmap

a detailed plan for the future

grant

money given without needing to be repaid

innovation

new ideas or methods

entrepreneurship

starting and running new businesses

self‑reliance

being able to support oneself

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