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Yuva Sahakar Scheme

Kumari Sonali

Yuva Sahakar Scheme:

The Minister of Cooperation informed the Lok Sabha about Yuva Sahakar Scheme.

  • Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme” aims to encourage newly formed cooperative societies with new and/or innovative ideas.
  • The scheme encourages young entrepreneur Cooperative Societies which are in operation for a minimum of 3 months.
  • The loan provided under the scheme is a long-term loan (up to 5 years) and as an incentive, NCDC provides 2% interest subvention on its applicable rate of interest on term loan for the project activities.
  • Further, the loan component under the scheme can also be dovetailed with subsidy, as applicable and available from other Government of India schemes. NCDC funding is project based.
  • It is being implemented by National Cooperative Development Corporation (NCDC) across the country.

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