Centre's three new national cooperatives signal sector's growing clout

But, critics say the approach in forming should have been bottoms-up instead of top-down

Sanjeeb Mukherjee New Delhi

Representative Image

Perhaps for the first time ever in the long history of the Indian cooperative movement, the Centre, through a cabinet decision, announced the formation of not one but three brand new multi-state cooperative societies that will cover a whole gamut of issues such as seed production and distribution, organic farming, and export promotion.
The three cooperatives formed under the Multi-State Cooperative Societies Act will act as anchors and facilitators to promote their respective objectives. They will have members from all sorts of existing state cooperatives and even national ones.
National Dairy Development Board (NDDB), National Agricultural Cooperative Marketing Federation of India (Nafed), Amul, Indian Farmers Fertilizer Cooperative Ltd (IFFCO), Kribhco, National Cooperative Development Corporation (NCDC), etc. are among the major promoters of these cooperatives.

Also Read

Govt amends Multi State Cooperative Societies Act to bring in transparency

Iffco, Amul, three others to promote exports of new co-op society

Maharashtra appoints liquidator to wind up Rupee Cooperative Bank

RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22

How genome sequencing could open several prospects for pomegranate farmers

India to enter green bond market with $1 billion debut auction on Wednesday

Rajasthan govt signs agreements for investment worth Rs 1.36 trillion

PM Modi always prioritised energy sector of Northeast: Hardeep Singh Puri

Business confidence recovers from lows of 2019-20 and pandemic yrs: NCAER

In a first, Centre planning a universal cattle insurance scheme

First Published: Jan 24 2023 | 10:11 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to