Q. Consider the following statements regarding Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) scheme
1. The scheme is implemented through the National Cooperative Development Corporation (NCDC)
2. The government also provides a Guarantee for procurement operations of the National Agricultural Cooperative Marketing Federation of India (NAFED).
Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

The Minister of State for Cooperation has informed Rajya Sabha about the Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) scheme. 

About Central Sector Integrated Scheme on Agricultural Cooperation (CSISAC) scheme: 

  • CSISAC scheme is the result of a merger of two erstwhile schemes of 11th Five-Year Plan viz;  
  1. Restructured Central Sector Scheme for Assistance to National Cooperative Development Corporation (NCDC) Programmes for Development of Cooperatives and  
  1. Central Sector Scheme for Education & Training.  
  • Objective: To provide financial assistance for improving the economic conditions of cooperatives, remove regional imbalances, and speed up cooperative development in agricultural and allied sectors. 
  • Implementing Agency: Assistance is provided under the scheme through the National Cooperative Development Corporation (NCDC) 

Key features of the scheme 

  • Financial assistance is provided under the scheme for marketing, storage, and processing of agricultural produce, besides the supply of agricultural inputs.  
  • The government also provides a Guarantee for procurement operations of the National Agricultural Cooperative Marketing Federation of India (NAFED). 

Source: Increasing Cooperative Activities in Agriculture Sector