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| NATIONAL COOPERATIVE DEVELOPMENT BOARD |
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National Cooperative Development Board (NCDB) was formed in August 1991 as ad hoc basis by His Majesty the King in accordance with the decision of the Council of Ministers. The Board was initially entrusted the responsibility of revising the cooperative legislation and designing a strategy for revitalizing the cooperative movement so as to make it self-reliant and people managed.
More specifically, the main tasks of NCDB included the following:
- formulate cooperative policies;
- work out a new cooperative legislation;
- help set up the structure of the cooperative movement from bottom to top;
- coordinate the activities of cooperatives in different sectors; and
- establish necessary infrastructures required for facilitating the process of cooperative development.
Subsequently in October 1992, the permanent status of NCDB was confirmed by an Act of Parliament with the main functions to assist the government and cooperative movement on policy matters, to help organize technical and financial assistance to the cooperative movement and to serve as a coordinating body between the government and cooperative movement.
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| Objectives |
Section 3 of the National Cooperative Development Board Act, 1992 defines the objective of the Board as follows:
"The National Cooperative Development Board has been established at the national level with the objective of assisting in the development of different types of cooperative societies and unions by formulating policies and relevant plans for the economic and social development of the lower strata of people in accordance with the cooperative principles."
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| Functions, Duties and Powers |
As specified in Section 6 of the National Cooperative Development Board Act, 1992, the function, duties and powers of the Board are as follows:
- To assist His Majesty's Government in formulating plans and policies concerning cooperative development;
- To facilitate the implementation of cooperative polices;
- To create and maintain a cooperative development fund with a view to providing cooperatives with loans or grants for development purposes;
- To participate in the share capital of cooperative societies, unions or banks;
- To stand surety for cooperatives;
- To extend technical assistance to cooperatives;
- To bring coordination between cooperatives and other related government as well as nongovernmental agencies/Organizations, and thereby, encourage cooperatives to expand their business services;
- To facilitate joint investment of His Majesty's Government, cooperative and other national as well as international organizations for the industrial development in the cooperative sector;
- To conduct the required studies and research work for cooperative development; and
- To carry out all other functions as may be deemed necessary for promoting the cooperative movement.
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Honorable
Minister
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Hon'ble
Mr. Mrigendra Kumar Singh Yadav
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Honorable
Minister For State |
Hon'ble
Karima Begam
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Secretary |
Mr.
Nathu Prasad Chaudhary
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