Launched by: Ministry for Agriculture and Farmers Welfare
Formulated by: National Cooperative Development Corporation (NCDC), the apex autonomous development finance institution under the Ministry of Agriculture.
It is a unique scheme to assist cooperatives to play an important role in creation of healthcare infrastructure in the country.
Key takeaways
NCDC would extend term loans to prospective cooperatives to the tune of Rs.10, 000 Crore in the coming years.
There are about 52 hospitals across the country run by cooperatives.
The NCDC fund would give a boost to provision of healthcare services by cooperatives.
Ayushman Sahakar specifically covers establishment, modernization, expansion, repairs, renovation of hospitals and healthcare and education infrastructure.
Any Cooperative Society with suitable provision in its byelaws to undertake healthcare related activities would be able to access the NCDC fund.
NCDC assistance will flow either through the State Governments/ UT Administrations or directly to the eligible cooperatives.
The scheme shall provide working capital and margin money to meet operational requirements.
The scheme shall also provide interest subvention of 1% to women majority cooperatives.
It is in line with the National Digital Health Mission and National Health Policy, 2017.
Do you know?
NCDC was set up under an Act of Parliament in 1963 for promotion and development of cooperatives.
Since 1963, it has extended around Rs.1.60 lakh crore as loans to cooperatives.
