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Rajya Sabha Passes Bill to Increase Funding for Cooperative Sector

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The Rajya Sabha has cleared a bill aimed at enhancing financial support for India's cooperative sector. The legislation pertains to the National Cooperative Development Corporation (NCDC), a statutory body functioning under the Ministry of Cooperation. The NCDC was originally established in 1963 under the National Cooperative Development Corporation Act of 1962. The move is expected to strengthen the cooperative ecosystem in the country by improving access to funds.

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