20th January 2023 (7 Topics)
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National Export Co-operative Society to export farm, non-farming products
Context
The Nano fertilizers produced by IFFCO and dairy products from Amul are going to be among the first few products to be exported by the National Export Co-operative Society.
The National Export Cooperative society
- The National Export Cooperative Society is set up under the Multi-State Cooperative Societies (MSCS) Act, of 2002.
- Objective:
- To provide thrust to exports from the cooperative sector by acting as an umbrella organisation for carrying out and promoting exports.
- To help cooperatives in getting benefits of various export-related schemes and policies of different ministries of the Government of India in a focussed manner through the ‘Whole of Government Approach’.
Significance:
- Higher exports through the proposed society will increase the production of goods and services by the cooperatives at various levels thus leading to more employment in the cooperative sector.
- Processing of goods and enhancing the services to match international standards will also generate additional employment.
- Increased export of cooperative products would, in turn, also promote “Make in India” thus leading to Atmanirbhar Bharat.
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The Union Cabinet approved the setting up Multi-State Seed Society, Multi-State Organic Society and Multi-State Export Society. |
About
- The National Export Cooperative Society will have five promoters that will invest Rs 100 crore each —
- Gujarat Cooperative Milk Marketing Federation (GCMMF) also known as Amul;
- National Agricultural Cooperative Marketing Federation of India Ltd (NAFED);
- National Cooperative Development Corporation (NCDC);
- Indian Farmers Fertiliser Cooperative Limited (IFFCO); and
- Krishak Bharati Co-operative Limited (KRIBHCO).
- Though Amul and IFFCO currently export products to countries such as Brazil, the Philippines, Kenya and Canada, the proposed Society is expected to enhance the scale and volume of exports.
What are Cooperative societies?
- They are autonomous associations of persons united voluntarily to meet their common economic, social and cultural needs and aspiration through jointly owned and democratically controlled enterprises.
- Cooperative societies are service enterprises aiming at rendering service to their members. In one sentence the philosophy of cooperation can be summed up as “each for all and all for each”.
Cooperatives in India:
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