Ayushman Sahakar Fund

#GS2 #Ruraldevelopment #Schemes


Union Ministry of Agriculture has launched AYUSHMAN SAHAKAR, a unique scheme to assist cooperatives to play an important role in the creation of healthcare infrastructure in the country formulated by the apex autonomous development finance institution under the Ministry of Agriculture and Farmers Welfare, the National Cooperative Development Corporation (NCDC).


What does it intend to do?

  • NCDC would extend term loans to prospective cooperatives to the tune of Rs.10,000 Crore in the coming years. NCDC’s scheme will be a step towards strengthening farmers' welfare activities by the Central Government.
  • Ayushman Sahakar scheme would revolutionize the way healthcare delivery takes place in rural areas.
  • There are about 52 hospitals across the country run by cooperatives. They have a cumulative bed strength of more than 5,000. The NCDC fund would give a boost to the provision of healthcare services by cooperatives.
  • Ayushman Sahakar scheme fund would also assist cooperative hospitals to take up medical / Ayush education.


How will it help?

  • Any Cooperative Society with a suitable provision in its bylaws to undertake healthcare-related activities would be able to access the NCDC fund.
  • NCDC assistance will flow either through the State Governments/ UT Administrations or directly to the eligible cooperatives.
  • The scheme also provides working capital and margin money to meet operational requirements. The scheme provides interest subvention of one percent to women majority cooperatives.


About NCDC 

  • The National Cooperative Development Corporation (NCDC) is a statutory Corporation set up under an Act of Indian Parliament on 13 March 1963.
  • The objectives of NCDC are planning and promoting programs for production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock, and certain other notified commodities and services on cooperative principles and for matters concerned therewith or incidental thereto.
  • Functions – Planning, promoting, and financing programs for the supply of consumer goods and collection, processing, marketing, storage, and export of minor forest produce through cooperatives, besides income-generating stream of activities such as poultry, dairy, fishery, sericulture, handloom, etc.
  • NCDC will now be able to finance projects in the rural industrial cooperative sectors and for certain notified services in rural areas like water conservation, irrigation, and micro-irrigation, agri-insurance, agro-credit, rural sanitation, animal health, etc.
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