NCCF should change business approach to achieve Rs 50,000cr turnover by FY28: Amit Shah
Cooperation Minister Amit Shah has directed National Cooperative Consumers' Federation (NCCF) to change its business approach to achieve a turnover of Rs 50,000 crore by 2027-28. Addressing the Board of Directors of NCCF here, he said the NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution.
Cooperation Minister Amit Shah has directed National Cooperative Consumers' Federation (NCCF) to change its business approach to achieve a turnover of Rs 50,000 crore by 2027-28. Addressing the Board of Directors of NCCF here, he said the NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution. Shah said the Ministry of Cooperation will provide its full support to NCCF in implementing such a roadmap.
The minister said the NCCF should emphasise on making Primary Agricultural Credit Societies (PACS) and other cooperative institutions across the country its members so as to ensure that the proportion of cooperatives in the share of capital of NCCF is relatively higher.
"For this purpose, NCCF will have to develop its business plan and change its business approach... NCCF should... achieve a turnover of Rs 50,000 crore by 2027-28," Shah said. He also laid special emphasis on ensuring procurement of maize from farmers of Gujarat, Bihar, and other states by NCCF, along with its associate companies for ethanol production.
"If NCCF and NAFED so desire, Ministry of Cooperation can help them get their common app prepared on a digital platform from the National Informatics Centre (NIC) and this app can be utilised to coordinate during the procurement of maize," he said. Shah urged NCCF to find export opportunities for pulses purchased from farmers and ensure that such purchases are made at Minimum Support Price (MSP).
He stressed on adopting aggressive extension and marketing, purchasing by giving prior assurance to farmers and setting up common collection centres. In his address, the minister suggested that NCCF tie up with PACS for the purchase of onions and pulses, so that arrangements for their storage can be made under the world's largest storage scheme in the cooperative sector.
He asked to explore export opportunities for agricultural products and to purchase rice and export it through the National Cooperative Export Limited (NECL). Shah added that the Ministry of Cooperation, since its inception, has taken 52 initiatives in the last 26 months to strengthen the cooperative movement in the country and increase the share of cooperatives in the GDP.
NCCF Chairman Vishal Singh assured that the targets suggested by the minister will be fulfilled. Cooperation Secretary Gyanesh Kumar and NCCF Managing Director Anice Joseph Chandra were also present on the occasion.