business ποΈ NCDC Bill Clears Lok Sabha, Heads to Rajya Sabha
The Lok Sabha passed the National Co-operative Development Corporation (Amendment) Bill, 2026, on Tuesday. This legislation aims to expand the mandate and financing powers of the National Co-operative Development Corporation (NCDC). Key provisions allow NCDC to give loans and grants directly to cooperative societies for development. Furthermore, the bill lets NCDC invest in cooperative societies and broaden support to include processed food. The bill now moves to the Rajya Sabha for further deliberation. ποΈ