Yuva Sahakar Scheme and Swayamshakti Sahakar Scheme
Why in news?
The Yuva Sahakar Scheme supports youth-led cooperative societies with innovative ideas through concessional loans, while the Swayamshakti Sahakar Scheme empowers women-led cooperatives and SHGs by providing affordable credit for collective socio-economic activities. Both are implemented by the National Cooperative Development Corporation (NCDC) under the Ministry of Cooperation.
Yuva Sahakar Scheme (Youth-Centric)
- Launched: 14 November 2018
- Implementing Agency: National Cooperative Development Corporation (NCDC) under Ministry of Cooperation
- Objective: Encourage newly formed cooperative societies with innovative ideas, especially those led by young entrepreneurs.
- Eligibility: Cooperative societies in operation for at least 3 months.
- Financial Support:
- Long-term loans up to 5 years.
- 2% interest subvention on NCDC’s applicable rate of interest.
- Can be dovetailed with subsidies from other Government of India schemes.
- Focus: Promotes entrepreneurship, innovation, and modernization in the cooperative sector.
Swayamshakti Sahakar Scheme (Women-Centric)
- Launched: By NCDC to strengthen women cooperatives.
- Objective: Provide affordable, cost-effective, and reliable financial services to women-led cooperatives and SHGs.
- Eligibility:
- Primary Agricultural Credit Societies (PACS)
- District Central Cooperative Banks (DCCBs)
- State Cooperative Banks (StCBs)
- Federated SHGs/Cooperative Federations
- Key Features:
- Enables women SHGs to access low-cost credit for livelihood generation.
- Promotes financial inclusion, self-reliance, and sustainable rural livelihoods.
- Focuses on collective socio-economic activities like small enterprises, agriculture, and rural services.
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