Govt introduces NCDC Amendment Bill 2026 to expand direct funding for cooperatives

Posted on August 10, 2026
By Business News Today
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In brief

The Indian government has introduced a landmark legislative initiative to strengthen the cooperative sector through enhanced financial mechanisms. The NCDC Amendment Bill 2026 empowers the National Cooperative Development Corporation to extend direct loans and grants to cooperative societies, improving accessibility to capital. Additionally, the bill expands the definition of foodstuffs to encompass broader agricultural and food-related products. These transformative measures aim to modernize cooperative financing, reduce bureaucratic barriers, and enable cooperative organizations to respond more effectively to contemporary economic challenges and market demands.

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Govt introduces NCDC Amendment Bill 2026 to expand direct funding for cooperatives

A bill was introduced in the Lok Sabha to expand the NCDC's lending powers. This amendment will allow direct loans and grants to cooperative societies. It aims to streamline financial assistance and strengthen the cooperative sector. The bill also broadens the definition of foodstuffs for wider coverage. These changes will empower the NCDC to meet evolving sector needs.