Yuva Sahakar – Cooperative Enterprise Support and Innovation Scheme
Ministry of Cooperation
Yuva Sahakar helps newly formed cooperative societies get easier long-term finance and interest support.
Objectives
The Scheme focuses on supporting newly formed cooperative societies with innovative and value chain–enhancing ideas through financial assistance and incentives. The scheme is linked with a dedicated Cooperative Startup and Innovation Fund and provides special encouragement to cooperatives in Northeastern Region, Aspirational Districts, and those led by women, SC/ST, and PwD members. The aim is to encourage young entrepreneurs to establish and manage cooperative enterprises. And to strengthen the cooperative ecosystem by enabling sustainable and scalable projects.
Who can apply?
- Newly formed cooperative societies.
What do you get?
- Provides long-term financial support to cooperative startups.
- Offers a 2% interest concession on term loans.
- Encourages innovation and new business ideas.
- Supports young entrepreneurs in the cooperative sector.
- Allows convergence with other government subsidies.
How to apply
https://www.ncdc.in/documents/other/3908071119Yuva.pdf