Union Home and Cooperation Minister Amit Shah has asked the National Cooperative Development Corporation (NCDC) to prepare a roadmap for the next 25 years, saying its recent success should not lead to complacency.
He was chairing the 93rd meeting of NCDC's General Council in New Delhi on 29 October.
What he praised
Shah said NCDC's performance over the past nearly five years had been "highly commendable". He cited higher profit per employee, more loans sanctioned and disbursed, zero net non-performing assets, and new offices in every state and union territory, including Ladakh and smaller north-eastern states.
What he asked for
- A group of experienced cooperative leaders and professionals to study NCDC's structure, ways to raise capital, financial autonomy and new business areas, followed by a workshop and a special meeting.
- Financial and organisational models that reduce dependence on government help and government banks.
- New circular-economy models for cooperative sugar mills, such as shared facilities for ethanol, CNG and chemicals, with proposed projects in Kolhapur and Pune.
- More grassroots lending. He said NCDC has sanctioned finance for about 100 deep-sea fishing trawlers, which could raise the incomes of many fishing families.
The bigger picture
Shah said NCDC has helped build national cooperatives such as National Cooperative Exports Limited, Bharatiya Beej Sahakari Samiti, National Cooperative Organics, Bharat Taxi and the umbrella body for urban cooperative banks.
He said development should not be measured only by GDP or per-capita income, but by whether every citizen has opportunities and dignity.
Photos
Source: official release by the Ministry of Cooperation, issued through the Press Information Bureau, Government of India (29 OCT 2026 5:45PM by PIB Delhi). Read the full official text: 93rd Meeting of the General Council of the National Cooperative Development Corporation (NCDC) held in New Delhi under the chairmanship of Union Home Minister and Minister of Cooperation Shri Amit Shah.
How we verified this
VerifiedEvery fact, figure and quotation is taken from the official PIB release (Release ID 2330122) issued by the Ministry of Cooperation on 29 OCT 2026 5:45PM by PIB Delhi; checked against the source on publication. Story written by BDT from that release; no outside facts added.
Sources
- 1.93rd Meeting of the General Council of the National Cooperative Development Corporation (NCDC) held in New Delhi under the chairmanship of Union Home Minister a — Press Information Bureau, Government of India
