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Banking & Credit :: NATIONAL COOPERATIVE DEVELOPMENT CORPORATION (NCDC)

Major Activities funded in the Tamil Nadu State

The NCDC has provided financial assistance for the development of cooperatives encompassing all schemes / sectors in Tamil Nadu.  The following are the major activities funded in the State

ICDP: Out of the 31 districts in the State, so far 11 ICD Projects have been completed in 14 Districts viz. Virudhunagar, Villupuram, Cuddalore, Dharmapuri, Krishnagiri, Coimbatore, Tiruvannamalai, Ramanathapuram, Kancheepuram, Perambalur, Ariyalur, Tiruchirappalli, Thiruvarur and Thanjavur; ICD Projects are under implementation in 6 districts   they are Theni and Thoothukudi (both in 4thyear of implementation) and Salem, Erode, Madurai and Pudukkottai (where projects have just commenced). Out of the remaining 11 Districts,  7 Districts viz. Tirunelveli, Sivagangai, Dindigul,  Karur, Nagapattinam, Vellore and Nilgiris have been selected for implementation of ICDP in the districts and the Consultants are preparing DPRs for implementation of ICDP in these districts. In all so far 27 districts have been brought under the umbrella of ICDP. NCDC has so far assisted Rs.117.483 crore towards implementing ICD Projects in Tamil Nadu.

Storage: NCDC has so far assisted Rs.27.25 crore for creation of 4757 rural godowns and 411 marketing godowns with a capacity of 9.74 lakh M.T. in Tamil Nadu. 

Marketing & Inputs: NCDC has so far assisted Rs.36.297 crore to Govt. of Tamil Nadu towards margin money for marketing societies and Federation and towards Agro Custom Hiring Centres/Seed multiplication/fertilizer granulation project.

Consumer: 
NCDC has assisted Rs.17.993 crore towards implementing 199 rural consumer projects covering 4497 village societies

Sugar: For modernisation cum Expansion of 5 Cooperative Sugar Mills –Kallakurichi-I, Madurantakam, NPKRR, Tiruttani and Salem were assisted Rs.63.49 crore by NCDC and Rs.30.78 crore under SDF assistance.  For 2 distilleries Salem and Amaravathi  NCDC  assistance was  Rs.8.82 crore.  NCDC has also assisted towards share capital requirement/ rehabilitation/working capital requirements.  Total assistance given under Sugar Sector is Rs.484.564 crore.

Spinning Mills:  14 units of cooperative spinning mills were assisted by NCDC towards establishment (3) and modernisation/expansion (11) an amount of Rs.8.22 crore. Besides this, NCDC has provided assistance towards margin money requirement to spinning mills & Wind Energy Unit. Total assistance given in this sector is Rs.13.13 crore.

Handloams: 
427 units have been assisted for purposes like processing (8 units), modernisation/showroom (315) and share capital (104) an amount of Rs.17.547 crore. 

Dairy:
Tirunelveli District Cooperative Milk Union and Virudhunagar District Cooperative Milk Union were assisted Rs.493.50 lakh and Rs.325.85 lakh respectively towards establishment of Integrated Dairy Project of milk processing capacity of Rs.1.00 lakh LPD and 0.5 lakh LPD respectively.     In addition (Aavin) Tamil Nadu Coop. Milk Producers Federation Ltd. has been assisted Rs.74.90 lakh towards conversion of Refrigeration Systems into Ammonia Systems. In all total assistance so far cumulatively released for Dairy & Livestock Sector is Rs.8.943 crore.

Tea Cooperatives: 
NCDC has provided an assistance of Rs.147.130 lakh to INCOSERVE for the purposes of margin money, warehouse cum tea testing unit, tea blending cum warehouse at Cochin, workshop, godown and Coonoor Warehouse.  NCDC has assisted Rs.6.44 crore towards establishment of 6 tea factories; Rs.3.74 crore towards modernisation / expansion of 13 coop. tea factories; Rs.17.65 lakh towards godown for 11 cooperative tea factories. Total assistance provided for this sector is Rs.11.21 crore. 

Coir: 
NCDC has provided an assistance of Rs. 316.26 lakh to the Govt. of Tamil Nadu for implementation of Phase-I of Integrated Coir Development Project, with an approved project outlay of Rs. 411.34 lakh. Under the project, fire extraction, automatic yarn spinning, semi automatic looms and Geotex units have been installed by 20 Industrial Coir Coop. Societies and Margin Money assistance to Tamil Nadu State Coir  Coop.  Marketing  Federation (TANCOFED) have been provided.  The subsidy assistance of Rs.84.24 lakh has also been provided by the Coir Board for implementation of this Coir Project.

List of successful / good working NCDC assisted Cooperative Institutions


Source:
http://www.ncdc.in/index.htm

 

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