Financial Instrument

Cooperation Minister Amit Shah on Monday exuded confidence that the National Cooperative Development Corporation (NCDC) will achieve a financial disbursement target of Rs 50,000 crore in the current 2023-24 fiscal. NCDC, an implementing agency for various central government schemes, disbursed financial assistance of more than Rs 41,000 crore in 2022-23. Addressing the 89th General Council meeting of the NCDC, Shah said, "NCDC is set to achieve 10 times growth in the disbursement of financial assistance in the current financial year from Rs 5,300 crore in 2013-14". "With such an impressive performance, I am confident that the NCDC will be able to achieve the target of Rs 50,000 crore kept for the 2023-2024 fiscal," he said in a statement. Shah said it is a matter of pride that the net non-performing assets (NPA) of NCDC are maintained at 'zero' with a loan recovery rate being over 99 per cent for the 2022-23 fiscal. The minister also said that the NCDC should set a target of achiev

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