Updated By: LatestGKGS Desk
NCDCs Yuva Sahakar Scheme Features, Benefits, scheme details
Agriculture minister Radha Mohan Singh launches National cooperation Development Cooperation Yuva Sahakar Scheme
Union Minister of Agriculture and Farmers, welfare Radha Mohan Singh launched the Yuva Sahakar-cooperative Enterprise support and Innovation scheme of the National cooperation Development Cooperation.
The Yuva sahakar Scheme aim is to attract youth to a cooperative business venture.
The CSIF rs 1000crore cooperative startup and Innovation Fund created by NCDC linked with Yuva sahakar cooperative enterprise support and innovation scheme.
Funding for the project will be up to 80% of the project cost for these special categories against 70% for others.
NCDC has created a dedicated fund with liberal features enabling youth to avail the scheme Radha Mohan Singh said this statement.
The central government has been encouraging start ups for ease of doing business, the non-conventional opportunity is emerging and is being encouraged.
The scheme envisages 2%less than the applicable rate of interest on term loan for the project cost up to rs. 3 crore including 2 years moratorium on payment of principle.
In the scheme all type of cooperative in operation for at least one year are eligible.
