Good Performance of NCDC

Shri Radha Mohan Singh, Union Minister of Agriculture and President General Council, NCDC presided over the 76th General Council meeting of the National Cooperative Development Corporation (NCDC) here today. He commended NCDC for its excellent performance for the year ended 2013-14. NCDC recorded the highest ever sanction of Rs. 7758 crore and disbursement of Rs. 5271 crore recording an increase of 17% higher achievements in relation to the targets for the year 2013-14. NCDC posted an all time high pre-tax profit at Rs. 255 crore. Net NPA of the Corporation was maintained at Zero and recovery rate was 99.88%. The Minister for Agriculture expressed his satisfaction at the performance of NCDC and felt that NCDC will achieve greater heights and higher standards in the years to come.