Parliament Passes NCDC (Amendment) Bill, 2026

Parliament passes a Bill to amend the National Co-operative Development Corporation Act, 1962, expanding the mandate and financial scope of the National Cooperative Development Corporation (NCDC). The amendment provides for direct loans and grants to cooperative societies, and authorises new activities and participation in share capital with the Centre’s approval.

NCDC (Amendment) Bill, 2026 and NCDC:

Dimension	Key Details
Government budgetary support	The Bill does not provide for additional budgetary financial assistance by the government.
Activities in industrial goods	The Bill authorises the Corporation to undertake its activities in industrial goods.
State government funding extension	The legislation authorises state governments to extend funding from the Corporation to any entity engaged in co-operative development.
Definition change	The Bill provides for expanding the definition of 'foodstuffs' to include any other food items notified by the Centre.
Geographical restriction	The Bill provides for removing the geographical restriction applicable to industrial goods.
Status of NCDC	NCDC comprises a statutory organisation under the Ministry of Cooperation.
Establishment	NCDC has been established in 1963 under the National Co-operative Development Corporation Act, 1962.