Rajya Sabha passes NCDC Amendment Bill to boost cooperative sector funding

In a significant move, the Rajya Sabha has approved the National Co-operative Development Corporation Amendment Bill, enabling the NCDC to provide direct funding to cooperative societies and related entities. After navigating through opposition-driven protests, the bill was earlier passed by the Lok Sabha. Established in 1963, the NCDC aims to bolster agricultural produce along with other key commodities, and this amendment enhances its financial support capabilities for cooperatives.