Annual Report 2009-2010 - Department of Agriculture & Co-operation

Annual Report 2009-2010
92
certain notified services, besides enabling the
NCDC to lend directly to cooperative societies
on furnishing a security to the satisfaction of the
Corporation. The rates of interest on NCDC loans
ranged from 9 per cent to 10.5 per cent during
the year. In 2009-10, up to 30 November 2009,
an assistance of Rs. 1,484.88 crore (provisional)
has been disbursed by the NCDC against an
approved outlay of Rs. 3,300 crore.
16.9 Cooperative Spinning Mills: In order to
improve the economic condition of cotton
growers as well as handloom and power loom
weavers, and to consolidate the gains achieved
so far, the department, through the NCDC,
continued to provide financial assistance to
spinning mills and ginning and pressing units in
the cooperative sector. During the year 2009-10
(up to 30 November 2009) the NCDC released
an amount of Rs. 8.72 crore.
16.10 The NCDC is implementing a restructured
Central Sector Scheme of the DAC for share
capital participation in growers'/weavers'
cooperative spinning mills. Loans are met out of
the Corporation's funds, and the subsidy is
provided by the GoI.
16.11 Cooperative Storage and Cold Storage:
The Department of Agriculture and Cooperation,
through the NCDC, has been making systematic
and sustained efforts to assist cooperatives in
creating additional storage capacity aimed at
facilitating expanded operations of cooperative
marketing and distribution of inputs, and sale of
consumer articles. The storage capacity assisted
by the NCDC has increased from 11 lakh tonnes
during 1962-63, to 168.51 lakh tonnes, as on
31 March 2009.
16.12 During the year 2009-10 (up to 30
November 2009), financial assistance of
Rs. 6.086 crore (Rs. 4.628 crore as loan and
Rs.1.458 crore as subsidy) has been released,
and Rs. 12.227 crore (Rs. 9.641 crore as loan
and Rs. 2.586 crore as subsidy) has been
sanctioned for the storage programme under the
Central Sector Scheme of the DAC, Corporation
Sponsored Scheme and Gramin Bhandaran
Yojana.
16.13 Integrated Cooperative Development
Projects: The DAC has made systematic efforts
to develop primary cooperatives as multi-purpose
entities to provide a package of services to rural
communities. With this in view, NCDC is
implementing the Integrated Cooperative
Development Project (ICDP) scheme in selected
districts in rural areas. During the year 2009-10
(up to 30 November 2009), three projects in West
Bengal at a project cost of Rs. 60.85 crore have
been sanctioned, involving the NCDC's share of
assistance of Rs. 56.62 crore (Rs. 42.59 crore as
loan and Rs. 14.03 crore as subsidy). During the
same period, the NCDC has released loan
assistance of Rs. 17.36 crore and a subsidy of
Rs. 9.90 crore (totalling Rs. 27.26 crore for the
ICDP).
16.14 Under the restructured Central Sector
Scheme during 2009-10 (up to 30 November
2009) under the ICDP, a subsidy of Rs. 4.34 crore
has been released towards expenditure on the
Project Implementation Team (PIT).
16.15 Cooperatives in Under-Developed States:
The process of economic development in the
country has brought to light certain regional
disparities and imbalances due to inherent
factors like topography, agro-climatic conditions,
and poor infrastructure. During the formulation
of the Fifth Five Year Plan, the limitations of this
approach came to the fore and consequently
the concept of cooperatively under-developed
states evolved to ensure balanced regional
development.
16.16 The categorisation of states for funding
by the NCDC was reviewed by the Planning
Commission in November 2004. Accordingly,
Andhra Pradesh, Uttar Pradesh, Madhya Pradesh,
and Goa were placed in the category of