National Agricultural Cooperative Marketing Federation of India Ltd (NAFED)

2 min read

News:NAFED will be directly buying apples from apple growers in Jammu and Kashmir under the Direct Benefit Transfer (DBT) scheme that offers direct transfer subsidies to the bank account of individuals.

Facts:

About NAFED:

  • National Agricultural Cooperative Marketing Federation of India(NAFED) was established in 1958.It is registered under the Multi State Co-operative Societies Act.
  • NAFED was set up to promote cooperative marketing of agricultural produce to benefit farmers.
  • The objectives of the NAFED are (a)To organize, promote and develop marketing, processing and storage of agricultural, horticultural and forest produce (b)To distribute agricultural machinery, implements and other inputs (c)To undertake inter-state,import and export trade, wholesale or retail and (d)To act and assist for technical advice in agricultural production.
  • Agricultural farmers are the main members of NAFED who have the authority to say in the form of members of the General Body in the working of NAFED.