Fiscal incentives
No stamp duty is levied on:
(i) an instrument executed by the cooperative society; and
(ii) an instrument executed by a member in relation to business transacted with the society, in accordance with its rules
No fee is payable by any cooperative society under any enactment relating to registration dues, transcription or inscription fees, except on deed of transfer witnessing the transfer of a motor vehicle.
Dividend paid by a cooperative society is exempted from income tax.
Duty free facilities on goods vehicles are provided to fishermen cooperatives.
The surplus generated from sugar operations by sugar cane cooperatives is exempted from income tax.
Cooperative Societies are exempted from payment of income tax in respect of income derived from non-sugar agricultural activities.
Free Audit Services
The audit of accounts of cooperative societies is carried out by Government Officials free-of-charge subject to the Co-operatives Annual Revenue of Society Regulations 2017.
The audit of accounts of cooperative societies is carried out by Government Officials free-of-charge
subject to the Co-operatives Annual Revenue of Society Regulations 2017.
Infrastructural Facilities
Infrastructural facilities are provided to fishermen, cow breeders’, agricultural and pig breeders’ cooperatives to empower them and enable them to carry out their activities in a professional manner.
Infrastructural facilities are provided to fishermen, cow breeders’, agricultural and pig breeders’
cooperatives to empower them and enable them to carry out their activities in a professional
manner.
Free Marketing Outlets
Cooperative Market Fairs are organized with the main objective of providing an outlet to cooperativesfree-of-charge for marketing their products.
Cooperative Market Fairs are organized with the main objective of providing an outlet to cooperatives
free-of-charge for marketing their products.
Assistance is also provided to the Mauritius Women Entrepreneurs Cooperative Federation Ltd to organize Women Cooperative Fairs.
Assistance is also provided to the Mauritius Women Entrepreneurs Cooperative Federation Ltd to
organize Women Cooperative Fairs.
Sensitisation Programme on Cooperatives
The Ministry also assists in the promotion of cooperatives through organisation of media programmes, talks, sensitisation campaigns and workshops.
The Ministry also assists in the promotion of cooperatives through organisation of media
programmes, talks, sensitisation campaigns and workshops.
Project implementation
Assistance for project write-up is provided to cooperatives in connection with applications for loans, state land, technical and financial assistance.
Guidance and support are also provided to cooperatives for the implementation of their plans and projects.
Seeking assistance from abroad and from donor agencies for cooperative development projects
Seeking assistance from abroad and from donor agencies for cooperative development
projects
Financial and technical assistance are sought from abroad and donor agencies for implementation of cooperative projects.
Financial and technical assistance are sought from abroad and donor agencies for implementation of
cooperative projects.
COOPERATIVE DEVELOPMENT FUND SCHEMES
> Communiqué on CDF Schemes > Pamphlet on Support Services and Incentives to Coop Societies > New CDF schemes with their respective applications
Education Scheme for Cooperative Societies
Under the Education Scheme for Cooperative Societies, cooperatives benefit from the following:
(a) A financial assistance of 70% of the cost of the Training Course to a maximum of Rs10,000 per society for atraining course to be attended locally provided that such training course is not offered in the curriculum of the National Cooperative College.
(b) for a course to be attended abroad, financial assistance would be extended as follows:
- 20% cost of air ticket to a maximum of Rs6,000 for each cooperative society;
- An adhoc allowance of Rs300 daily to a maximum of Rs9,000 for each society in the event board and lodging facilities are provided by the receiving training institution
Or Rs500 daily to a maximum of Rs15,000 for each society in the event board and lodging facilities are not provided.
Click Here to download application form: Application Form for CDF Education Scheme
Upgrading of Cooperative Societies Scheme
The Scheme provides financial assistance to cooperatives for the following:
(a) Purchase of equipment and other tools relevant to the business activity of the Cooperative, including promotion of bio and green products, eco-packaging, quality and attractive labelling, barcode certification and value-added activities
The Scheme part finances the cost of the equipment to a maximum of 70% of its cost up to Rs20,000 for each cooperative society.
(b) Printing of visiting cards or pamphlets/flyers
The Scheme finances the printing of first 500 visiting cards or pamphlets/flyers for cooperative societies up to a maximum of Rs2,500 per cooperative society.
(c) Project related to development, upgrading and value-addition of products and services, including related research.
The Scheme finances 60% of the project cost to a maximum of Rs100,000. Only the Ministry, the Tertiary Society or a Secondary Society is eligible to apply for this financial assistance.
Click Here to download application form:
Grant Scheme for the Purchase of Outboard Engine and Fishing Nets by Fishermen Cooperatives
The Grant Scheme for the Purchase of Outboard Engine and Fishing Nets comprises the provision of financial assistance to fishermen cooperatives for the purchase of New Outboard Engine and Fishing Nets. A grant of 80% of the cost of an Outboard Engine and Fishing Nets up to a maximum of Rs80,000 is provided under the scheme as hereunder:
(a) 40% of the cost of the Outboard Engine and Fishing Nets up to a maximum of Rs40,000 is financed by the Mauritius Fishermen Cooperative Federation Ltd;
(b) A matching grant of 40% up to a maximum of Rs40,000 is financed by the Co-operative Development Fund; and
(c) The remaining cost is borne by the recipient fishermen cooperative society.
Click Here to download application form: Application Form for the Purchase of outbound Engine Fishing Nets by Fishermen Cooperatives
Scheme for Market Fair for the benefit of Cooperative Societies
The Scheme provides a financial assistance of 60% of the cost of the organization of a fair to a maximum of Rs 100,000 for one market fair every year. Only the Cooperatives Division of the Ministry and the Tertiary Society are eligible to apply for these scheme.
Click Here to download application form: Application Form for CDF Market Fair
Grant Scheme to Cooperative Societies availing Book-Keeping Services from the Mauritius Co-operative Alliance Limited
Cooperative societies benefit from a grant of 50% up to a maximum of Rs2,000 yearly for the book-keeping services provided by the Mauritius Co-operative Alliance Limited.
Click Here to download application form: Application Form for Book Keeping By MCA
Grant Scheme to Cooperative Societies availing Internal Control Services from the Mauritius Co-operative Alliance Limited
Cooperative societies benefit from a grant of 50% up to a maximum of Rs3,000 yearly for the internal control services provided by the Mauritius Co-operative Alliance Limited.
Click Here to download application form: Application Form for Internal Control By MCA
Scheme to encourage online submission of Financial Statements by Cooperative Societies
Under the Scheme to encourage online submission of financial statements by cooperative societies, a prize of Rs10,000 will be awarded through a lucky draw to ten cooperative societies for online submission of their Financial Statements 2018/2019.
Click Here to download application form: Application Form for online submission of Financial Statement
Grant Scheme for Capacity Building of Women Cooperatives
The scheme provides financial assistance to Women Cooperatives for hiring of consultant/person knowledgeable and having relevant experience in the field to inter-alia advise on modernisation of the activities of the women cooperatives and the upgrading of products and also for adopting technological innovation to increase productivity and efficiency.
The Scheme part-finances the fees for hiring the services of consultant/person knowledgeable and having relevant experience in the field to a maximum of 60% of its cost up to Rs20,000 per women cooperative society.
Click Here to download application form: Application Form Capacity Building for Women
Grant Scheme to encourage Youth Participation in the Cooperative Sector
The scheme finances 50% of the cost of the project as seed capital up to a maximum of Rs25,000 for ten youth cooperative societies to kick start their activities.
Click Here to download application form: Application Form Youth
Grant Scheme for Cooperative in Rodrigues for the purchase of water tanks
The scheme comprises the provision of a one-off grant of Rs 10,000 to twenty cooperative societies in Rodrigues for the purchase of water tanks.
Click Here to download application form: Application Form Rodrigues Water Tank
Scheme for Upgrading of Consumer Cooperative StoresThe scheme consists of the provision of financial assistance of 90% up to a maximum of Rs90,000 to consumer cooperative societies for upgrading works- mainly painting, signage and associated works, and in addition shelves for display of goods and electronic cash register.
Scheme for Upgrading of Consumer Cooperative Stores
The scheme consists of the provision of financial assistance of 90% up to a maximum of Rs90,000 to consumer cooperative societies for upgrading works- mainly painting, signage and associated works, and in addition shelves for display of goods and electronic cash register.
Click Here to download application form: Application Form for Upgrading of Consumer Stores
