Yuva Sahakar Scheme

The National Cooperative Development Corporation (NCDC) had announced a youth-friendly scheme named Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme to satisfy the ambitions and needs of the young. The Union Minister of Agriculture and Farmers’ Welfare, under Ministry of Agriculture and Farmers’ Welfare, launched the Yuva Sahakar Scheme on November 14, 2018.

The National Cooperative Development Corporation (NCDC) contributes Rs.1000 crore to the CSIF (Cooperative Start-up and Innovation Fund). The features of the Yuva Sahakar Scheme are discussed in this article.

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What is National Cooperative Development Corporation (NCDC)?

NCDC, which was founded in 1963, is a single statutory organization that serves as a finance and developmental institution for cooperative sector businesses. It supports and promotes agriculture, dairy, poultry, cattle, fisheries, cotton ginning and spinning, sugar, and notified services such as hospitality, transportation, rural housing, hospitals/health care centers, and so on. The organization fosters cooperatives comprised of large, small, and marginal farmers. NCDC is the most preferred financial institution for organizations, and it works on the Mission of New India 2022 development strategy.

The goal of the NCDC Yuva Sahakar Yojana is to encourage and promote Indian cooperative entrepreneurs and those who work for them. This is accomplished by supplying cheap loans to the cooperative sectors.

Yuva Sahakar Scheme – Its Features and Benefits

The following are the key characteristics of the Yuva Sahara Scheme:

  1. The NCDC has created a special fund with permissive characteristics that allows young people to participate in the plan.
  2. The initiative is linked to the NCDC-approved Cooperative Start-up and Innovation Fund, which has a fund size of Rs.1000 crores.
  3. Cooperatives in the North-Eastern area and aspirational districts are given greater incentives under the scheme.
  4. Women, Scheduled Caste, and Scheduled Tribe candidates receive special consideration.
  5. Sahakar 22, a Mission to Double Farmers’ Income by 2022, includes the Yuva Sahakar Scheme.

The candidates can read more relevant information from the links provided below:

Pradhan Mantri Matsya Sampada Yojana Atal Bhujal Yojana (ABY)
Skill India Mission Pradhan Mantri Jan-Dhan Yojanna
Innovative Techniques of Farming – Government of India Initiative Stand Up India Scheme

Benefits of the Yuva Sahakar Scheme

Individuals who participate in the Yuva Sahakar Scheme can take advantage of the following benefits:

  1. The entrepreneurship program provides funds to young people who want to start their own business.
  2. They provide financial assistance that pays up to 80% of said Cooperative Start-up as well as Innovation Fund.
  3. The initiative provides a rate of interest which is 2% lower than the standard rate on lending for projects costing up to Rs. 3 crore, as well as a two-year moratorium on principle payments.
  4. Individuals’ funds are safe, and they can receive Start-up capital swiftly.

How can one avail this scheme?

The following are the eligibility requirements for the Yuva Sahakar Scheme:

  • NCDC covers 80% of the project costs for candidates who fall into a special group, such as women, Scheduled Caste, Scheduled Tribe, or Persons with Disabilities.
  • NCDC covers 70% of the entire project cost for candidates that fall into a different category, i.e. those who do not fall into the special class.
  • Cooperatives of any kind that have been in existence for at least a year are eligible.

How does the Loan operate?

Depending on the project, the loan can last up to 5 years with a 2-year moratorium. The incentive for making on-time loan repayments could result in a 2% interest rate reduction. The NCDC will distribute the funds for security:-

  • Mortgage of assets
  • FDRs of scheduled banks
  • Guarantee from cooperative societies, state governments, NEDFI, PSUs, etc.

The funding pattern is divided into two categories: Category-A and Category-B, which follow 80:20 and 70:30 combinations, respectively, with the scheme providing 80 percent and the applicant providing 20 percent and 30 percent of the funds. The following items fall into Category-A:

  1. In the North-East, there are a lot of cooperative societies.
  2. Cooperative societies that have been registered in the NITI Aayog-identified area
  3. Cooperative societies made up entirely of women
  4. Societies that are entirely made up of SC, ST, or PwD
  5. Category-B applies to cooperative societies that do not fall under Category-A.

How to Apply?

A press release notification for the scheme has recently been issued by the Ministry of Agriculture and Farmers Welfare. Applicants can apply for the program in the portal www.ncdc.in once all of the procedures have been verified by the National Cooperative Development Corporation (NCDC) as well as the Ministry of Agriculture and Farmers Welfare.


The NCDC has the distinctive characteristic of being the only legislative organization dedicated solely to the cooperative sector as an ultimate financial and developmental institution. Besides agriculture and allied industries, it promotes cooperatives in a variety of fields. It has also launched Sahakar 22, a Mission to Double Farmers’ Income by 2022, as the most favored financial institution in the cooperative industry.

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Other Related Links:

Indian Polity Notes IAS Prelims: UPSC MCQ On Polity
Polity Questions and Answers for UPSC Topic-Wise GS 2 Questions for UPSC Mains
Previous Year UPSC Prelims Polity Questions With Solutions Indian Polity Questions in UPSC Mains GS 2

Frequently Asked Questions on Yuva Sahakar Scheme


Who initiated Yuva Sahakar Scheme?

The National Cooperative Development Corporation (NCDC) had initiated the Yuva Sahakar Scheme


When was the scheme announced?

The scheme was announced on November 14, 2018.


What is the full form of NCDC?

The full form of NCDC is National Cooperative Development Corporation


What is the duration of loan provided?

The duration of loan provided is 5 years.


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