Question

NCDC Act was passed in the year

• A. 1958
• B. 1962
• C. 1965
• D. 1970

Answer 1

Answer:

B. 1962

National Cooperative Development Corporation (NCDC)

• NCDC is Successor to National Cooperative Development and Warehousing Board - 1956

• Formed as recommendation of AIRCSC. 

• National Cooperative Development Corporation (NCDC) was formed as a result of a recommendation from the All-India Rural Credit Survey Committee (AIRCSC)

• By passing NCDC Act 1962 

• It is not a cooperative society.

• It is a statutory corporation under Ministry of Cooperation for the promotion non-credit cooperative sector. 

• NCDC started during 3rd five year plan 

• Head Quarters: New Delhi, It has 7 Regional Directorates 

• "Assisting Cooperatives Always" is the motto of NCDC

• NCDC Act was Amended in 1975 and completely passed NCDC Amendment Act in 25 5-2002