Yuva Sahkar Udyami Protsahan Yojana – The Union Agriculture and Cooperation Minister Radha Mohan Singh has launched the Yuva Sahkar Udyami Protsahan Yojana for promoting the scheme launched for encouraging the young entrepreneurs.
Yuva Sahkar Udyami Protsahan Yojana
After launching the National Cooperative Development Corporation (NCDC) ‘Rs 1000 crore’ Yuva Sahakar Udyam Sahyog and Navchar Yojana’, the Agriculture Minister said that it has been started with the aim of accelerating the startups scheme and strengthening the cooperative sector. .
In order to make the scheme attractive, the Central Government has increased the loan limit from Rs 1 crore to Rs 3 crore. He said that some provisions have been simplified for beneficiaries of the scheme. Under this scheme, the government will also provide two percent concession of interest.
Under this scheme, the loan repayment period will be started after two years. This will help entrepreneurs to get the full support of their business. In response to a question, Singh said that there are a total of eight lakh cooperative societies in the country.
The scope of this scheme has been increased to bring and help more youth to it. Apart from this, the Co-operative institutions, registered for one year ago, will be given the benefit of the three-year-old registration institutions.
To promote entrepreneurship in cooperatives, Union Minister of NCDC also highly applauded. The Union Minister said that the highest benefit of this scheme will be for the people of the North-Eastern region, Divyang, women and youth of 115 aspiring districts. They can also get many benefits from the general beneficiaries.
Singh informed that the NCDC had distributed loans of Rs.18,850 crore during the tenure of the previous UPA government during the year 2010-14, while during the tenure of the year 2014-18 under the current NDA Government, a total of Rs. 63,702 crore was disbursed.
This is 220 percent more than the previous government. In response to a question on this, the Agriculture Minister said that the recovery of this loan was 99 percent. Therefore, the tendency of repaying its debt can not be questioned.