• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Thursday, March 30, 2023
  • Login
1Money Mania
  • Home
  • Corporate
  • Economy
  • Company News
  • Markets
  • Industry Updates
    • Aviation
    • Chemical Industry
    • Education & Training Industry
    • Engineering Industry
    • Fisheries in India
    • FMCG
    • Gems & Jewellery
    • Healthcare
    • Hospitality
    • IT and Services
    • Petroleum Industry
    • Pharmaceutical Industry
    • Railways
    • Software Industry
    • Telecommunications
    • Textile & Fashion Industry
    • Travel & Tourism
    • Auto Sector
  • Banking
  • Finance/Money
  • Start-ups
  • Others
    • Business Events
    • IPO News
    • Bollywood Business
    • Mutual Funds
    • MSME
    • Opinion
    • Real Estate / Infra
    • Technology
    • Young Entrepreneurs
    • Women Entrepreneurs
    • Ministry of Finance
    • Tribal Entrepreneurship
    • Kids Entrepreneurs
    • Marketing
    • Social Media
    • SocialPrenuers
    • Professional Sports
    • Entrepreneur Couple
    • Heritage Entrepreneur
    • Homepreneurs
No Result
View All Result
  • Home
  • Corporate
  • Economy
  • Company News
  • Markets
  • Industry Updates
    • Aviation
    • Chemical Industry
    • Education & Training Industry
    • Engineering Industry
    • Fisheries in India
    • FMCG
    • Gems & Jewellery
    • Healthcare
    • Hospitality
    • IT and Services
    • Petroleum Industry
    • Pharmaceutical Industry
    • Railways
    • Software Industry
    • Telecommunications
    • Textile & Fashion Industry
    • Travel & Tourism
    • Auto Sector
  • Banking
  • Finance/Money
  • Start-ups
  • Others
    • Business Events
    • IPO News
    • Bollywood Business
    • Mutual Funds
    • MSME
    • Opinion
    • Real Estate / Infra
    • Technology
    • Young Entrepreneurs
    • Women Entrepreneurs
    • Ministry of Finance
    • Tribal Entrepreneurship
    • Kids Entrepreneurs
    • Marketing
    • Social Media
    • SocialPrenuers
    • Professional Sports
    • Entrepreneur Couple
    • Heritage Entrepreneur
    • Homepreneurs
No Result
View All Result
1Money Mania
No Result
View All Result
Home Banking

In a First, National Cooperative Development Corporation (NCDC) Secures Euro 68.87 Million (Rs. 600 cr) Loan from Deustsche Bank

by Money Mania
April 14, 2021
in Banking, Economy
0
Share on FacebookShare on Twitter

New Delhi : The National Cooperative Development Corporation (NCDC) has secured Euro 68.87 million (Rs 600 cr) loan from Deutsche Bank, Germany’s largest bank, for onward lending to cooperatives in the country. An agreement was inked between NCDC and the German Bank in this regard in presence of the Union Agriculture Minister, Shri Narendra Singh Tomar in New Delhi today. The Minister also presided over signing of an agreement between the Indian Chamber of Commerce and NCDC to boost farmers linkages with markets.

The Agriculture Minister said that the Prime Minister has given a new vision to India’s agrarian landscape and to her economic relations with Germany. He added that the Farmer Producer Organizations being set up in the country would be able to access easier credit and market through the NCDC agreements with ICC and Deutsche Bank, this will help small and marginal farmers.

You May AlsoLike This

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal Chief Commissioner of Income Tax

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal, Chief Commissioner of Income Tax, Hyderabad, Government of India

February 2, 2023
India’s Most Trusted Neobanking Platform Iyda Payments tied up with Freecharge for UPI Payments

India’s Most Trusted Neobanking Platform Iyda Payments tied up with Freecharge for UPI Payments

September 17, 2022
Easy Pay aims to bring banking services and easy credit access to the underserved MSME segment

Easy Pay aims to bring banking services and easy credit access to the underserved MSME segment

September 7, 2022

This is for the first time that one of the largest European banks in the world is lending to the NCDC, thus reflecting the confidence of the global financial institution in the Indian development finance institution, particularly at a time when global economic turmoil created by the Covid-19 crisis has made lending a challenging proposition.

Deutsche Bank’s initiative in India is just one of the many key business interests shown by German companies in India over the years. Today, more than 1700 German companies are active in India, providing around 4, 00,000 direct and indirect jobs. Germany is India’s largest trading partner in Europe and among India’s top ten global trade partners.

Set up in 1963, the NCDC is a development finance statutory institution under the Ministry of Agriculture and Farmers Welfare. It has extended loans to the tune of Euro 16 Billion to cooperatives of various sizes since 2014. With zero net NPA, NCDC has Pan India presence with its 18 regional directorates catering to all the States.

Shri Parshottam Ruapala, Union Minister of State for Agriculture and Farmers Welfare, Shri Kailash Choudhary, Union Minister of State for Agriculture and Farmers Welfare, Shri Sanjay Agarwal, Secretary, DAC&FW, GOI, Shri Sundeep Kumar Nayak, MD, NCDC and Shri Dileep Sanghani, President, NCUI were also present on this occasion.

Money Mania

Money Mania

Related Posts

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal Chief Commissioner of Income Tax
Economy

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal, Chief Commissioner of Income Tax, Hyderabad, Government of India

by Money Mania
February 2, 2023
India’s Most Trusted Neobanking Platform Iyda Payments tied up with Freecharge for UPI Payments
Banking

India’s Most Trusted Neobanking Platform Iyda Payments tied up with Freecharge for UPI Payments

by Money Mania
September 17, 2022
Easy Pay aims to bring banking services and easy credit access to the underserved MSME segment
Banking

Easy Pay aims to bring banking services and easy credit access to the underserved MSME segment

by Money Mania
September 7, 2022
Cryptocurrency

High-Speed Traders In Search of New Markets Jump Into Bitcoin

by Money Mania
February 6, 2022
Economy

“Budget 2022-23: Futuristic with scientific vision and Start-Up incentives”

by Money Mania
February 1, 2022

Recent News

Custom home construction company jade homes

Founder of Jade Homes Arnab Ghosh made home construction easy and in your control

March 30, 2023
Elante Group Launches USD 5 mn premium housing project in Gurugram

Elante Group Launches USD 5 mn premium housing project in Gurugram

March 30, 2023

Calendar

March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    

Menu

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

1moneymania.in is a digital platform that brings you the news, articles, stories, success mantras and opinions of entrepreneurs from various sectors like Markets, Corporate Sectors, Industry, start-ups, finance, money, Banking, Technology, Real Estate, etc.

We are also highlighting the start-ups’ stories and encouraging the new and small entrepreneurs.

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2022 Money Mania

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Money Mania

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In