Question : Loan to Co-operative Societies

(a) whether the Government has launched a new scheme “Yuva Sahakar Cooperative Enterprises Support and Innovating Scheme” for attracting the young entrepreneurs to cooperative business ventures and promoting them in cooperative societies and if so, the details thereof;

(b) the total amount of funds allocated by the Government under the said scheme and the names of the entrepreneurs to whom the said funds have been provided during each of the last three years, State-wise;

(c) the details of the districts which are benefited and likely to be benefited from the said scheme in the country, State-wise including Madhya Pradesh and Rajasthan;

(d) whether the Government has simplified the rules to provide more loans to cooperative societies to enable them to provide loans easily to the youths for self-employment in rural areas; if so, the extent to which the unemployed youths in rural areas likely to be benefited with the simplified rules; and

(e) if not, the reasons therefor?

MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND FARMERS WELFARE

???? ??? ????? ?????? ???????? ??? ????? ?????? (SHRI PARSHOTTAM RUPALA)

(a) to (c): Yes, Madam. National Cooperative Development Corporation (NCDC) a statutory Corporation under the Department of Agriculture, Cooperation & Farmers Welfare has formally launched the scheme of “Yuva Sahakar Cooperative Enterprise Support and Innovating Scheme” on 14.11.2018 for extending financial assistance to cooperatives with new innovative
Contd..2/-


-2-


and value chain enhancement intended projects to encourage youth entrepreneurs. Salient features of the scheme is annexed. No funds have yet specifically been allocated under the scheme. It is envisaged to link the scheme to a “Cooperative Startup and Innovation Fund (CSIF)” created by NCDC. Scheme is open to cooperative societies in the country. No proposal has so far been received under the scheme.

(d) & (e): No Madam, Under the existing Central Sector Integrated Scheme for Agricultural Cooperation the loans are provided as per already approved rules, however, under the “Yuva Sahakar Cooperative Enterprise Support and Innovating Scheme” the rules have further been simplified in line of the objectivity of the scheme.