National Cooperative Development Board (NCDB)

As specified in section 6 of the National Cooperative Development Board Act, 1992, the functions, duties and powers of the Board are as follows:

To assist the Government in formulating plans and policies concerning cooperative development;
To facilitate the implementation of cooperative policies;
To create and maintain a cooperative development fund with a view to providing cooperative with loans or grants for development purpose;
To participate in the share capital of cooperative societies, unions or banks;
To stand surety for cooperatives;
To extend technical assistance to cooperatives;
To bring coordination between cooperatives and other related government as well as Nongovernmental agencies/organizations, and thereby, encourage cooperatives to expand their business services;
To facilitate joint investment of the Government, cooperative and other national as well as international organizations for the industrial development in the cooperative sector;
To conduct the required studies and research work for cooperative development; and
To carry out all other functions as may be deemed necessary promoting the cooperative movement.