Why is it in the News

Cooperation Minister Amit Shah on Friday launched the National Cooperative Database and stressed that it would help in policy making.

About National Cooperative Database (NCD):

• The National Cooperative Database (NCD) is an initiative spearheaded by the Ministry of Cooperation, responding to the pressing need for a robust database to effectively capture essential information concerning India's extensive cooperative sector.
• Developed collaboratively with State Governments, National Federations, and stakeholders, the NCD is designed to promote a cooperative-centric economic model, offering a web-based digital dashboard for seamless data management.
• Acting as a centralized repository, the NCD aggregates data from cooperative societies, including National/State Federations, with information entered and authenticated by nodal officials at RCS/DRCS offices for cooperative societies and provided by various national/state federations for federations.
• The collected data encompasses diverse parameters, such as registered names, locations, membership numbers, sectoral details, operational areas, financial statements, audit statuses, and more, providing a comprehensive overview of the cooperative landscape.
• Serving as a vital communication tool, the NCD facilitates efficient interaction between the Central Ministry, States/UTs, and Cooperative Societies, fostering collaboration and synergy within the cooperative sector.
• Key features and benefits of the NCD include single-point access, comprehensive and updated data, user-friendly interface, vertical and horizontal linkages, query-based reports and graphs, Management Information System (MIS) reports, data analytics, and geographical mapping capabilities.