National Cooperative Development Corporation Current Affairs - 2019

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Yuva Sahakar­- Cooperative Enterprise Support and Innovation Scheme 2019 launched

‘Yuva Sahakar’-­ Cooperative Enterprise Support and Innovation Scheme 2019 was launched at the opening ceremony of first ever ‘India International Cooperatives Trade Fair’ in New Delhi on 11 October 2019 by Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar.

With organisations from 35 countries and more than 150 Indian cooperatives participating in the Fair, the trade fair is a major platform to promote export of products of cooperatives which will lead to enhanced rural and farm prosperity. Since cooperation is the key to development of vilages, thus this mela will prove to be a milestone in the growth of rural India and will discuss the challenges being faced by Cooperatives, like delivery and available markets.

About Yuva Sahakar ­Cooperative Enterprise Support and Innovation Scheme 2019

The scheme has been formulated by National Cooperative Development Corporation (NCDC) in line with Government’s focus on programmes such as Start-up India and Stand-up India which is aimed at young entrepreneurs with new and innovative ideas.

The Scheme has an annual outlay of 100 crores and is aimed at cooperatives in North Eastern Region, cooperatives registered and operating in Aspirational Districts as identified by NITI Aayog, cooperatives with 100% SC/ST/ women/Persons with Disability members.

1st-ever India International Cooperatives Trade Fair to be held in India

The First Ever India International Cooperatives Trade Fair (IICTF) will be held at Pragati Maidan in New Delhi. It scheduled from 11th till 13th October 2019. It is a unique initiative for taking farmers, artisans & other members of cooperatives directly to global trade arena.

Key Highlights

Objective: Trade Fair is aimed at promoting cooperative to cooperative trade within India and abroad leading to enhanced rural and farm prosperity.

Organizations Involved: Steered by National Cooperative Development Corporation (NCDC), the Fair is being conducted with support of one international organization NEDAC (Network for the Development of Agricultural Cooperatives), 3 Ministries, 4 State Governments and several apex level Indian cooperative organizations.

This initiative is a part of Agriculture Export Policy 2018 which aims at doubling agriculture export and integrating Indian farmers and agriculture products with global value chains.

Significance:

IICTF would be a major platform for promoting exports by cooperatives so that it direct benefit to farmers, women, artisans and people coming from Schedule Caste/Schedule Tribe communities can be ensured.

It also offers a huge opportunity for industry and business houses from India and abroad to build alliances, product sourcing as well as interact with primary producers of a wide range of products and service providers.