National Cooperative Development Corporation (NCDC)

Established by an Act of Parliament in 1963, the National Cooperative Development Corporation (NCDC) is a premier financial institution under the Ministry of Cooperation, Government of India. Its mission is to promote and strengthen cooperative societies involved in the production, processing, marketing, storage, and export/import of agricultural produce, foodstuffs, and other notified commodities. NCDC provides financial assistance in the form of loans and subsidies to cooperative societies to help them grow and contribute to the rural economy.