Union Agriculture and Farmers Welfare Minister, Radha Mohan Singh said that while increased productivity is an essential component of a vibrant agricultural sector, improved post harvest handling and processing is essential to ensure value addition, reduction in wastage and transporting good quality products to markets.
Addressing the meeting of General Council of NCDC in New Delhi today Singh said that agricultural cooperatives have a very important role to play in furthering the development of cooperatives in the larger interest of the farmers and rural populace.
“Cooperatives are supporting a large segment through financial assistance schemes covering farm and non-farm sectors, industrial and service cooperatives. NCDC has completed over five decades of service to the cooperatives and as a vibrant organization, continues to strive for sustained promotion and development of the cooperatives,” he added.
Highlighting the financial performance, the Minister said that while financial sanctions of the order of Rs.7160 crore were made, the disbursements stood at Rs.5736 crore, exceeding the target of Rs.4800 crore. The NCDC has posted a profit of Rs.169.30 crore. Net NPA of the Corporation was maintained at ‘Zero’ and recovery rate was 99.89 percent.
He said that the government is giving special attention to development of cooperatives in the North Eastern States. Towards this end NCDC organized a Cooperative Summit on in August this year at Shillong for cooperatives in the States of North Eastern region. The Summit was addressed by the policy makers and experts.
The main agenda of the General Council meeting was perusal and consideration of Annual Report and Annual Accounts of NCDC for the year 2014-15. The Annual Report and Audited Annual Accounts were required to be placed on the Table of both Houses of Parliament in the Winter Session.
“Most of the suggestions made by the Council body at different points of time have been suitably addressed. However, development is a continuous process and efforts are on to make NCDC’s assistance more attractive and affordable,” Singh said.