Shah to NCDC: Set Rs 1L crore disbursement target yearly

The National Cooperative Development Corporation (NCDC) should set a target of achieving Rs 1 lakh crore yearly disbursement in the next 3 years along with targets for every quarter, Union Home Minister Amit Shah said Monday, while addressing the 89th General Council meeting of the NCDC.

As per an official statement, Shah also said that NCDC should explore avenues for borrowing at lower rates and lend to the cooperative sector at low interest rate.

“The initiatives aimed towards ease of doing business include computerization of PACS, model bye laws, widening the functioning of PACS to undertake more than 30 business activities like dairy, setting up of godowns, LPG/Petrol/Green energy distribution agency, banking correspondents, PACS can provide more than 300 services as Common Service Centres and preparation of an updated data repository of cooperatives,” the statement said.