राष्ट्रीय सहकारी विकास निगम

NATIONAL COOPERATIVE DEVELOPMENT CORPORATION

TEXTILES

SCHEMES

NCDC is implementing schemes of development of cooperative textile sector (www.ncdc.in - Scheme under revision). Financial assistance is provided for the following activities under the schemes in vogue :

 

Ginning & Pressing

· Modernisation of existing and establishment of new Ginning & Pressing Units.

 

Spinning

· Modernisation/Expansion of existing Cooperative Spinning Mills and establishment of new mills.

· Margin money/working capital assistance to the Cooperative Spinning Mills and State Cooperative Cotton Federations.

· Rehabilitation of sick Cooperative Spinning Mills

 

Handloom

· Strengthening of share capital base/margin money assistance.

· Creation of processing facilities.

· Construction/opening/renovation of showroom, Central Godown and Showroom-cum-Godown.

· Construction of workshed and setting up of handloom machines.

 

Powerloom

· Strengthening of share capital base/margin money assistance

· Construction of workshed and purchase of looms and  accessories/ modernization/construction/renovation/     

         opening of Godown/Showroom/ Marketing  Complex/Cooperative Textile Estate.

· Establishing pre/post loom processing/Garment/Knitting units.

 

Coir

· Strengthening of share capital base/margin money assistance

· Creation of processing facilities.

· Construction of Coir godowns/showrooms/godowns-cum-showrooms.

· Purchase of transport vehicles.

 

Jute

· Strengthening of share capital base/margin money assistance.

· Creation of processing facilities (small/medium sized processing units).

· Warehouses/godowns/showrooms/godowns-cum-showrooms.

 

Sericulture

· Strengthening of share capital base/margin money assistance.

· Creation of processing facilities (filature & Integrated Sericulture Development Project).

· Warehouses/Godowns/Showrooms/Transport Vehicles/Market Yards/ Grainages/Chawki rearing/Rearing of Silk Worm Chandrika Centre/Hot Air Drier/Laboratory.

 

DOVETAILING OF GOVT. OF INDIA SCHEMES

             NCDC is one of the Nodal Banks for providing concessional finance for Modernisation and Technology Upgradation for the Cooperative Textile Sector under the Technology Upgradation Fund Scheme (TUFS) of the Ministry of Textiles (www.txcindia.gov.in).   The scheme provides focal point for modernization through Technology Upgradation with the main feature being interest reimbursement (5% interest reimbursement with regard to Powerloom projects and 2% interest reimbursement for the Spinning projects) to be provided by the Ministry of Textiles, GOI under Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) on the interest actually charged by the identified financial institutions on the sanctioned projects.  The scheme is valid upto 31.3.2017.

 

A.  FINANCIAL ASSISTANCE SANCTIONED/RELEASED

             The total financial assistance sanctioned by the Corporation for the Cooperative Textiles programmes upto 31.03.2014 was of the order of about ` 2868.141 crores.  Of this, assistance amounting to ` 2506.940 crores had been released till  31.03.2014.   Details of assistance  provided is as under: 

 

                                                                                                                         (` in crores)

                                         

S.No.

Detail

Programmes sanctioned (Nos.)

Amount sanctioned

Amount released

1.

Cotton, Ginning & Pressing

87

23.100

23.100

2.

Spinning

347

1756.646

1635.188

3.

Handloom

3561

463.639

429.993

4.

Powerloom

490

545.138

339.041

5.

Coir, Jute & Sericulture

719

79.618

79.618

 

TOTAL

5204

2868.141

2506.940

         

 

NCDC has been promoting the cooperative textile programmes by providing financial assistance for the development of Cotton Ginning & Pressing and Spinning, Weaving, Coir, Jute and Sericulture activities in the cooperative sector.  These activities include the entire gamut of activities right from ginning to the garmenting stage besides activities for development of Coir, Jute and Sericulture.