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.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.