About Yuva Sahakar Scheme:
- Yuva Sahakar Cooperative Enterprise Support and Innovation Scheme” aims to encourage newly formed cooperative societies with new and/or innovative ideas.
- It encourages young entrepreneur Cooperative Societies which are in operation for a minimum of 3 months.
- Loan facility: The loan provided under the scheme is a long-term loan (up to 5 years) and as an incentive, NCDC provides 2% interest subvention on its applicable rate of interest on term loan for the project activities.
- Implementation: It is being implemented by National Cooperative Development Corporation (NCDC) across the country.
- Features of Yuva Sahakar Scheme:
- NCDC has produced a dedicated fund with liberal traits entitling youth to avail the scheme.
- It provides more incentives to the cooperatives working in the North-Eastern region and the aspirational districts.
- Exclusive benefits are provided for women, Scheduled Caste and Scheduled Tribe candidates.
