The National Co-operative Development Corporation Act, 1962

The National Co-operative Development Corporation Act, 1962, is an act that regulates the functioning of the National Co-operative Development Corporation (NCDC) and aims to promote and develop co-operatives in India. The Act provides for the establishment of the NCDC, which is responsible for providing financial and technical assistance to co-operative societies and other co-operative organizations in India. The Act also lays down the rules and regulations for the functioning of the NCDC and its relationship with the Central Government. The NCDC is required to perform several functions, including the promotion and development of co-operatives, the provision of financial assistance to co-operatives, and the creation of a reserve fund for co-operative societies.