February 13, 2025

Yuva Sahakar Scheme

Current Context : Recently, the Minister of Cooperation informed the Lok Sabha about the Yuva Sahakar Scheme.

About Yuva Sahakar Scheme:

Objective : Encourages cooperative societies with new and innovative ideas, focusing on youth entrepreneurs.

Eligibility:

  • Cooperative societies operational for a minimum of 3 months.
  • Special incentives for cooperatives in the North-Eastern regionaspirational districts, women-led cooperatives, and those involving Scheduled Caste (SC)and Scheduled Tribe (ST)

Financial Features:

  • Provides long-term loans (up to 5 years).
  • Includes 2% interest subvention on applicable NCDC loan rates.
  • Loans can be combined with subsidies from other Government of India schemes.
  • Linked to a 1000 crore Cooperative Start-up and Innovation Fund managed by the National Cooperative Development Corporation (NCDC).

Implementation:

  • Run by the National Cooperative Development Corporation (NCDC)across India.
  • NCDC provides project-based funding tailored to the specific activities of cooperatives.

Mission Alignment:

Part of the Sahakar 22 Mission, which aims to double farmers’ income.

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