NCDC is a statutory Corporation set up under an Act of Parliament on 13th March 1963.
The objectives of NCDC are planning and promoting programmes for production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock and certain other notified commodities and services on cooperative principles and for matters concerned therewith or incidental there to.
NCDC promotes and provides financial assistance to cooperatives for following activities: · Marketing & Inputs · Agro-processing viz. Sugar, Spinning Mills, Ginning & Pressing, Fruit & Vegetables, other small/ medium sized processing units. · Storage · Cold Chain · Consumer · Weaker Sections Viz. Tribal, Fisheries, Dairy, Poultry, Sericulture, Handloom, Coir and Jute · Power loom · Equipment Finance · Computerisation
The Management of NCDC vests in the General Council of 51 members and Board of Management of 12 members. The term of General Council and Board is for 3 years and the same is reconstituted by Central Government every three years. The Union Minister of Agriculture & Farmers Welfare is the President of the General Council and the Secretary (Agriculture, Cooperation & Farmers Welfare ) Government of India is the Chairman of the Board of Management. The main responsibility of General Council is to lay down policy frame work, approve Programme of Activities and Annual Report of NCDC. The main responsibility of Board of Management is to implement the policies and guidelines of General Council. The Managing Director is the Chief Executive of the Corporation for implementation of programmes assisted by officers in various disciplines. NCDC functions through its Head Office at New Delhi and Regional Offices located at Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gandhinagar, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Patna, Pune, Raipur, Ranchi, Shimla, Thiruvananthapuram
NCDC raises funds from Central Govt. (DOAC&FW, SDF), Internal Accruals, market borrowings, funding from multinational organisations like World Bank, EEC etc.
The criteria of NCDC assistance is : NCDC as per its charter provides assistance to Cooperative Societies only ; The net worth of the Cooperative Society should be positive ; Generally the Cooperative Societies should be having elected board ; The project / activity should be technically feasible and financially viable ; The bye-laws of the concerned cooperative society should permit undertaking the proposed activity and Other criteria prescribed in the respective scheme.
Eligible societies can approach the Corporation through the concerned State Government or directly. Information in the NCDC’s prescribed format with detailed Project Report should be submitted to National Cooperative Development Corporation, 4 Siri Institutional Area, Hauz Khas, New Delhi -110016 or to respective Regional Directorates of NCDC.
Generally 65% of the block cost as loan from NCDC, State Government’s contribution 25% of the block cost, Society’s own contribution 10 % of the block cost (As share capital) For Direct Funding: Loan from NCDC 65% of the block cost, Society’s own contribution 35% of the block cost (as share capital). There is no subsidy component available. For detailed Pattern of Assistance (Downloadable)
Period of term loan for projects is generally 8 years. For margin money the term is 5 years and for working capital loan maximum 3 years is permitted.
Ministry of Agriculture & Farmers Welfare, Ministry of Food Processing Industries, Ministry Of Fisheries, Animal Husbandry & Dairying, Mission for Integrated Development of Horticulture (NHM/NHB), Technology Upgradation Fund Scheme of Ministry of Textiles, Sugar Development Fund, etc.