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Polity & Governance

NCDC Amendment Bill expands funding scope for cooperative development amid legislative opposition

Hindustan Times - IndiaPrelims · PolityMains · GS2 Governance

The Rajya Sabha passed the National Co-operative Development Corporation (Amendment) Bill, 2026, broadening NCDC's mandate to fund entities beyond cooperative societies, despite Opposition walkout over governance concerns.

  • National Co-operative Development Corporation (Amendment) Bill, 2026 amends the 1962 Act to allow NCDC to provide loans and grants directly to any entity engaged in cooperative development, not just registered societies.
  • Opposition walkout occurred before voting, reflecting political tensions over cooperative sector governance reforms and legislative process.
  • The amendment addresses procedural delays by eliminating the need to route funds through state governments when financing non-society entities like statutory bodies and specialized organizations.

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Polity & GovernanceGS2