Nandini Sahakar Yojana

About Nandini Sahakar Yojana:

• It is aimed at assisting women cooperatives to take up business model-based activities under the purview of the National Cooperative Development Corporation (NCDC).
• It is women focused framework of financial assistance, project formulation, hand-holding and capacity development.
• Funding: There is no minimum or maximum limit on financial assistance to projects by women cooperatives.
• NCDC provides a 2% interest subvention on its rate of interest on term loan portion for new and innovative activities.
• 1% interest subvention on its rate of interest on term loan portion for all other activities resulting in lower borrowing costs of women cooperatives.
• Eligibility
  • Any cooperative society with three months in operation is eligible to apply for assistance which will be in the form of credit linkage for an infrastructure term loan.
  • Women cooperatives are those which are registered as women cooperatives under any State / Central Act or those cooperatives which have a minimum of 50% women as primary members.
• Significance
  • The scheme is a framework of assistance to improve the socio-economic status of women.
  • It supports the entrepreneurial dynamism of women through women cooperatives.
  • It converges critical inputs of women’s enterprises, business plan formulation, capacity development, credit and subsidy and interest subvention of other schemes.