Yuva Sahakar

Yuva Sahakar Scheme

Home » Learn » Government Initiatives » Yuva Sahakar Scheme

Yuva Sahakar Scheme

To meet the aspirations and requirements of the youth, the National Cooperative Development Corporation (NCDC) has announced a youth-friendly scheme called Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme. Yuva Sahakar Scheme was inaugurated on 14th November 2018, by the Union Minister of Agriculture and Farmers’ Welfare under the Ministry of Agriculture and Farmers Welfare. National Cooperative Development Corporation provides financial assistance of Rs.1000 Crore of CSIF (Cooperative Start-up and Innovation Fund). This article explores the highlights of the Yuva Sahakar Scheme.

National Cooperative Development Corporation (NCDC)

NCDC was established in 1963, is a sole statutory organisation functioning as a financial and developmental institution for establishments that are engaged with cooperative sectors. It strengthens and promotes programmes for industries that are related to agriculture, dairy, poultry, livestock, fisheries, cotton ginning and spinning, sugar and notified services like hospitality, transport, rural housing, hospitals/health care centres. etc. The institution raises cooperatives that are represented by large, small and marginal farmers. NCDC is the most favoured financial institution for organisations and works for a developmental scheme called the Mission of New India 2022.

Scheme Objective

The objective of NCDC Yuva Sahakar Yojana is to motivate and promote the entrepreneurs of India in the Cooperative Enterprise and those individuals working for the business. This is done by providing cheaper loans for initiating startups in the cooperative sectors. Yuva Sahakar Scheme is categorised under the entrepreneur’s schemes.

Overview of Yuva Sahakar Scheme

The National Cooperative Development Corporation (NCDC) Yuva Sahakar Scheme acts as a trigger to start-up businesses by young entrepreneurs of India with financial assistance up to 80% of the total cost of their project. This assistance is provided to people belonging to the women belong to Scheduled Caste, Scheduled Tribe or PwD. Yuva Sahakar-Cooperative Enterprises Support and Innovation has allocated a sum of Rs.1000 Crore CSIF fund to implement this scheme. The Central Government has been uplifting ‘Start-Ups’ for starting businesses, where non-conventional opportunities are emerging and promoted.

Features of Yuva Sahakar Scheme

The following are the salient features of Yuva Sahara Scheme:

  1. NCDC has produced a dedicated fund with liberal traits entitling youth to avail the scheme.
  2. The scheme is linked with Rs.1000 crores of the Cooperative Start-up and Innovation Fund that has been authorised by the NCDC.
  3. The scheme provides more incentives to the cooperatives working in the North-Eastern region and the aspirational districts.
  4. Exclusive benefits are provided for women, Scheduled Caste and Scheduled Tribe candidates.
  5. Yuva Sahakar Scheme is a part of Sahakar 22, a Mission for Doubling Farmers’ Income by 2022.

Benefits of Yuva Sahakar Scheme

Here are the benefits that can be availed by individuals who are enrolled for Yuva Sahakar Scheme:

  • The entrepreneurial programme provides fundings for young people in the business.
  • The financial aid provided by them covers up to 80% of the Cooperative Start-up and Innovation Fund.
  • The scheme proposes 2% less than the applicable rate of interest that is generally levied on term loans for projects that cost up to Rs. 3 Crore with the inclusion of 2 years moratorium on payment of principal.
  • An individual’s funding is secure and can quickly receive Start-up financial support.

Eligibility for Yuva Sahakar Scheme

The eligibility standards for Yuva Sahakar Scheme is given below:

  • For candidates under the special category such as women or Scheduled Caste, Scheduled Tribe or PwD, NCDC provides 80% of the total cost of the project.
  • For candidates belonging to another category that is candidates who do not come under the special class, NCDC provides 70% of the total cost of the project.
  • All kinds of cooperatives in operation for at least one year are eligible.

Loan Details

The period of the loan is up to 5 years with a moratorium of 2 years depending on the project involved in. The incentive on regular payments of repaying the loan may fetch an additional discount of 2% in the rate of interest.

Security – The NCDC will disburse the loan amount after obtaining security from the relevant which are listed below:

  • Mortgage of assets
  • FDRs of scheduled banks
  • Guarantee from co-operative societies, state governments, NEDFi, PSUs, etc.

Funding Pattern

The funding pattern is of two types – Category-A and Category-B where 80:20 and 70:30 combinations are followed respectively – 80% and 70% of funding will be from the scheme and 20% & 30% from the applicant. Category-A is applicable for the following:

  • Co-operative societies registered in the North-East region
  • Co-operative societies registered in the area identified by NITI Aayog
  • Co-operative societies with 100% of women
  • Co-operative societies with 100% of SC or ST or PwD

Category-B is applicable for the co-operative societies not belong to Category-A.

Application Procedure

The Ministry of Agriculture and Farmers Welfare has just released a press release notice for the scheme. Once all the procedures are confirmed by the National Cooperative Development Corporation (NCDC) and the Ministry of Agriculture and Farmers Welfare, the applicants can apply for the scheme in the portal www.ncdc.in. For more details, please contact:

National Cooperative Development Corporation (NCDC),
4, Siri Institutional Area, Hauz Khas, New Delhi-110016.
Phone: 011-26569246, 26567475, 26567026

Also, the details can also be fetched from the flier which is provided below:


Other Related Guides

Trade Infrastructure for Export Scheme Trade Infrastructure for Export Scheme After the Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme i...
Maharashtra Subsidy and Schemes Maharashtra Subsidy and Schemes The Maharashtra Government provides assistance to entrepreneurs and small scale industries through various subsidies ...
Pradhan Mantri Matsya Sampada Yojana Pradhan Mantri Matsya Sampada Yojana Recently, on 10th September 2020, Prime Minister Shri Narendra Modi launched the ‘Pradhan Mantri Matsya Sampada ...
Interest Subvention Scheme Interest Subvention Scheme The Government of India has launched the Interest Subvention Scheme (ISS) for farmers by providing credit to farmers at co...
DEPB DEPB - Duty Entitlement Passbook Scheme Duty Entitlement Passbook Scheme (DEPB) is an export incentive scheme implemented by the Indian Government to...

Post by Bennisha

IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.