Parliament Passes NCDC (Amendment) Bill, 2026
Parliament passed the NCDC (Amendment) Bill, 2026 to amend the National Co-operative Development Corporation Act, 1962, expanding NCDC’s mandate and financial scope. It enables direct loans and grants to cooperative societies, new activities including industrial goods, and Centre-approved participation in share capital. It expands “foodstuffs” to items notified by the Centre, removes geographical restrictions for industrial goods, allows state funding to any co-operative development entity, without additional budgetary support. NCDC is a statutory body under the Ministry of Cooperation, set up in 1963.




