Consider the following statements about the National Co-operative Development Corporation (Amendment) Act, 2026:

1. It allows NCDC to give loans and grants directly to cooperative societies and to other bodies working for cooperative development.

2. It allows NCDC to invest in the share capital of cooperatives without any approval from the Central Government.

3. It provides additional budgetary support to NCDC from the Government.

Which of the statements given above is/are correct?A.1 onlyB.1 and 2 onlyC.2 and 3 onlyD.1, 2 and 3

Question

Consider the following statements about the National Co-operative Development Corporation (Amendment) Act, 2026: 1. It allows NCDC to give loans and grants directly to cooperative societies and to other bodies working for cooperative development. 2. It allows NCDC to invest in the share capital of cooperatives without any approval from the Central Government. 3. It provides additional budgetary support to NCDC from the Government. Which of the statements given above is/are correct?

Accepted Answer

1 only. Only statement 1 is correct. The amendment lets NCDC fund cooperatives and bodies working for them directly. Statement 2 is wrong: NCDC can take part in share capital only with the Centre's approval. Statement 3 is wrong: the minister said the law adds no extra budget support. Read more: IndEco0335 — NCDC: How India Funds Its Cooperatives.

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