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The National Cooperative Development Corporation (NCDC) was established in :

A1953

B1963

C1973

D1983

Answer:

B. 1963

Read Explanation:

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 


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