Amit Shah at NCDC's 91st General Council: five-year plan to raise sugar mill funding to ₹25,000 crore
On 23 November 2024 in New Delhi, Cooperation Minister Amit Shah addressed the 91st General Council meeting of the National Cooperative Development Corporation (NCDC) and proposed a five-year plan to raise sugar mills' funding to ₹25,000 crore.
Summary
On 23 November 2024 in New Delhi, Union Home Minister and Minister of Cooperation Amit Shah addressed the 91st General Council meeting of the National Cooperative Development Corporation (NCDC). He said NCDC's disbursement had crossed ₹60,000 crore. He proposed a comprehensive five-year plan to boost the financial capacity of sugar mills, with a target of increasing their funding to ₹25,000 crore. Stressing White Revolution 2.0, he asked for special focus on milk cooperative unions in the North Eastern States through NDDB-NCDC collaboration, and suggested an app-based cab cooperative service so that profits go directly to drivers. He also noted the Cooperative Intern scheme, with NCDC as the implementing agency.
Key facts
- Meeting
- 91st General Council of NCDC, New Delhi, 23 Nov 2024
- NCDC disbursement
- Crossed ₹60,000 crore
- Sugar mills
- Five-year plan; funding target ₹25,000 crore
- North East
- Milk cooperative unions via NDDB and NCDC
- Cooperative Intern scheme
- NCDC is the implementing agency
Practice MCQs 2 questions
At NCDC's 91st General Council meeting on 23 November 2024, Amit Shah proposed a five-year plan to raise the funding of which sector to ₹25,000 crore?
Show answer
Correct answer: B — Sugar mills
PIB (Cooperation): Amit Shah proposed a comprehensive five-year plan to boost the financial capacity of sugar mills, with a target of increasing their funding to ₹25,000 crore.
Consider the following statements made at NCDC's 91st General Council meeting (23 November 2024): 1. NCDC's disbursement has crossed ₹60,000 crore. 2. NCDC is the implementing agency of the Cooperative Intern scheme. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
PIB (Cooperation): NCDC's disbursement crossed ₹60,000 crore, and the Ministry of Cooperation introduced the Cooperative Intern scheme with NCDC as the implementing agency. Both are correct.