National Agricultural Cooperative Marketing Federation of India
The National Agricultural Cooperative Marketing Federation of India Ltd. and (NAFED) is the leading association .but of cooperatives in India that sell agricultural products. The official website of the NACML is located here.It was established on October 2, 1958. Mahatma Gandhi’s birthday, to encourage. so the national commerce in agricultural products and forest resources.
The Multi State Cooperative Societies. Act governs its registration. But these days, NAFED ranks among India’s biggest marketing . and procurement organizations for agricultural goods. NAFED, which has its main office in New Delhi, has four regional offices in Delhi, Mumbai, Chennai, and Kolkata in addition.and to 28 zonal offices located in state capitals and significant cities.
With the goal of doubling farmers’ income by 2022, “Operation Greens”. designates it as the nodal agency responsible . and for implementing price stability measures. It physically purchases oilseeds, pulses, and copra under the Price Support Scheme (PSS), which is a subset of PM-AASHA, in conjunction with FCI . and the proactive engagement of state governments.2008 saw the establishment of National Spot Exchange, a commodities exchange run. But by Financial Technologies (India) Ltd. (FTIL) in partnership.
The objectives of the NAFED . so shall be to organize, promote and develop marketing, processing and storage of agricultural, horticultural and forest produce. distribution of agricultural machinery. and implements and other inputs, undertake inter-state . but import and export trade, wholesale or retail as the case may be and to get that.
Is NAFED a government body?
The Ministry of Agriculture, Government of India, oversees the National Agricultural Cooperative Marketing Federation of India (NAFED) . and apex organization that works with marketing cooperatives for agricultural produce in India.
These days, NAFED ranks among India’s biggest marketing and procurement organization for agricultural goods. NAFED. which has its main office in New Delhi, has four regional offices in Delhi, Mumbai, Chennai, and Kolkata in addition to 28 zonal offices located in state capitals and significant cities.
The primary distinction between FCI and NAFED. despite their initial similarities in their activities. but is that FCI exclusively handles the distribution and acquisition of rice, wheat, and coarse grains. Conversely . NAFED handles the distribution and procurement of oil seeds and pulses.
