Context: Union Minister of Cooperation will launch the National Cooperative Database (NCD) to foster a cooperative-centric economic model.

About National Cooperative Database (NCD)

• It is an initiative of the Ministry of Cooperation which had recognized the imperative need for a robust database to capture vital information about India's vast cooperative sector. 

• NCD has been developed in collaboration with State Governments, National Federations and stakeholders, and aims to foster a cooperative-centric economic model.

• It is a web-based digital dashboard wherein data of cooperative societies, including National/State Federations have been captured.

• The data of cooperative societies has been entered and validated by States/ UTs nodal officials at RCS/ DRCS offices, and the data of federations has been provided by various national/state federations.

• The information collected from cooperative societies are on various parameters, such as their registered name, date, location, number of members, sectoral information, area of operation, economic activities, financial statements, status of audit etc. 

• NCD serves as a crucial tool for efficient communication between the Central Ministry, States/UTs, and Cooperative Societies, benefiting all stakeholders in the cooperative sector. 

NCD offers a myriad of benefits, including

• 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

• Geographical Mapping.