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N.C.D.C.National Cooperative

DevelopmentCorporation

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National Cooperative Development

Corporation

Under Dept. of Agril. & Cooperation

Incorporated under NCDC Act,1962 (26 of

1962) , 31-08-1962

Started from 01-04-1974

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Object

A corporation for the purpose of planning

& promoton programmes for the

production , processing , marketing ,

storage , foodstuffs and certain other

commodities on cooperative principles &

for matters connected therewith.

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II. Food stuffs a. Coconuts & areca nut

b. Eggs & egg products

c. Fish, (frozen, dried or preserved)

d. Fruits (fresh, dried or dehydrated)

e. Honey

f. Meat (fresh, frozen, dried & preserved)

g. Milk & milk products

h. Vegetables

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General council

Consists of following members:

1. President

2. Vice president

3. 8 members (ex-officio) nominated by CG

from different ministries dealing with economic

matters.

4. Dy. Governor of RBI (incharge of rural credit)5. Managing Director of the state bank of India

(ex-officio)

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6. MD CWC

7. Chairman of IFCI

8. A member representing banks (to benominated by CG)

9. Chairman , NAFED (ex-officio

10. Chairman , National Fed. Of sugarfactories (ex-officio)

11. Chairman NCUI- (ex-officio)

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12.Chairman All India Fed. Of Coop. SpinningMills (ex-officio)

13.Chairman

NAFSCOB (ex-officio)14.11 members to be nominated by CG from

states & UT

15. 11 members to be nominated by chairman of

state level Coop federation16. 4 members persons having specialknowledge of or practical experience in Agril.Coop. Devp. To be nominated by CG

17. 3 members representing national levelorganization engaged in Promotion &Development of Cooperative Programme to benominated by CG

18.M.D.

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Meetings : twice a year

Majority of votes

decision will be taken

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Functions of corporation

1. To plan & promote programmes, throughCooperative Societies , for :-a. The production, processing, marketing, storage,

export, & import of Agril. produce , food stuffs,poultry feed & notified commodities.

b. The collection , processing , marketing storageand export of minor forest produce.

2. The corporation maya. Advance loans or grants subsidies to state govt.

for financing Coop. societies & employment ofstaff for implementing programmes of cooperativedevelopment.

b. Provide funds to state Govt. for financing Coop.societies for the purchase of agril. produce , foodstuffs & notified commodities on behalf of the CG.

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c. Supply of seeds , fertilizers , Agril. implements &other articles for the development of agril.produce .

d. Provide loans and grants directly to the national

level Coop. Societies and other Coop. societieshaving objects extended beyond one state .

e. Provide loans to coop. societies on theguarantee of the state Govt.s

f. Participate in the share capital of the nationallevel Coop. Societies.

3. KVIC

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Board of Management of NCDC

Chairman (Vice President of Gen. Council)

Vice-Chairman (nominated by CG)

3 members of GC

1 member National Level Institute1 member Stat Level Instiitute

2 members experts & Coop. Devp.

2 members

chairman of state level Coop.Fed.

M.D.

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Sources of funds

1. C.G. as grant for Administrative

expenses.

2. Borrow money from :-a. Public by the issue of sale of bonds/ debuntures/

or both (with interest)

b. Any bank or other financial Institution

c. Any Authority /Organization or Institution, as maybe approved by CG

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Audit

By controller and auditor general of India

or any authorized person by CAG