“Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme” is being implemented by National Cooperative Development Corporation (NCDC), a statutory corporation under the administrative control of Ministry of Cooperation, across the country, with the aim 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.
The aim of the scheme is 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 Scheme is being promoted in all the States through promotional programmes and trainings conducted by 19 Regional Offices and Regional Training Centers of NCDC.
