Author: SahkarNet

The National Bank for Agriculture and Rural Development (NABARD) has entered into a partnership with the Asian Development Bank (ADB) to address the challenges posed by climate change in the agricultural sector. In conjunction with the Bill and Melinda Gates Foundation, these organizations aim to leverage global climate capital to finance initiatives related to agriculture, natural resources, and rural development (ANR) in India. The primary objective of this collaboration is to bolster food security and climate financing within India’s ANR sector. NABARD is set to receive support in developing a climate financing policy and facilitating its adoption. Shaji KV, Chairman…

The Bharatiya Janata Party (BJP) has launched an ambitious campaign to reshape the co-operative sector, a stronghold traditionally held by the Congress and Nationalist Congress Party (NCP) in Maharashtra’s rural economy. Recognizing the pivotal role of the co-operative sector, the BJP aims to register women and youth, fostering economic empowerment and self-reliance in rural areas. The party plans to organize a co-operative conclave in the upcoming fortnight in the city. The BJP’s objective is to establish 5,000 youth societies, engaging approximately 1.25 lakh youths, and 3,000 women co-operative societies, involving around 75,000 women. The party has already registered 1,250 women…

The Union Ministry of Cooperation is steadfast in its commitment to empower women and elevate their meaningful participation in cooperatives, aligning with its broader vision of fostering vibrant economic institutions. A key aspect of this endeavor is the focus on training women cooperators and employees of cooperative societies, a facet visible by the increasing number of female participants in capacity-building programs facilitated by leading cooperative training institutions such as NCCT, VAMNICOM and LINAC over the past three years. National Council for Cooperative Training (NCCT) NCCT plays a pivotal role in skill development for women, conducting programs in diverse sectors like…

In August 2020, the then Managing Director of Amul, R. S. Sodhi, unveiled a noteworthy list featuring 10 rural women entrepreneurs who achieved millionaire status by selling substantial quantities of milk to Amul during the 2019-2020 financial year. This revelation captured widespread attention in the media and was received with pleasant surprise by the public. In his announcement, Sodhi introduced the 10 millionaire rural women entrepreneurs from @banasdairy1969 in Gujarat, actively engaged in the dairy and animal husbandry business. He highlighted their significant contributions, stating that they collectively supplied milk worth lakhs of rupees during the financial year 2019-2020. Sodhi…

The increased supply of subsidized staples is contributing to food security and ensuring access to basic needs for all citizens. The Union government is taking proactive steps to bolster the availability and affordability of essential commodities, including Bharat Atta and Bharat Dal, the subsidised brand encompassing wheat flour and lentils. This strategic move aims not only to cater to the public’s needs but also to mitigate the impact of rising food prices. An informed source has disclosed that an inter-ministerial group focused on inflation management has greenlit the diversion of an additional 400,000 tonnes of wheat for the government’s Bharat Atta…

‘Bharat’ Rice available at physical and mobile outlets of KendriyaBhandar, National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers’ Federation of India (NCCF) Union Minister for Consumer Affairs, Food and Public Distribution, Textiles and Commerce and Industry, Shri PiyushGoyal launched the sale of Rice under ‘Bharat’ brand and flagged off 100 mobile vans recently. Speaking at the event, Shri Goyal highlighted Prime Minister Shri Narendra Modi’s sensitivity towards the people’s needs, emphasizing the government’s commitment to the welfare of both farmers and citizens. The government, under the leadership of PM Modi, ensures the stabilization of essential commodity…

The Goa State government has announced a welcome extension to the Stamp Duty & Registration Concession Scheme, providing substantial relief on property registration costs. Previously set to expire in January, the scheme has now been extended until March 31st, 2024. This means societies have an additional two months to benefit from the significantly reduced rates: just 1% each for stamp duty and registration fees. This translates to significant savings for societies registering deeds of sale or conveyance during this period. Key Points of the Extension: Benefits for Societies: The scheme was originally launched in April 2023 to support cooperative housing…

In a moment of triumph for the Uralungal Labour Contract Co-operative Society Limited (ULCCS), the Kozhikode-based workers’ cooperative, the organization has clinched the Asia Pacific Cooperative Excellence Award for the Enterprising Cooperative. This accolade reinforces ULCCS Limited’s reputation as a pioneering force in the cooperative sector, showcasing its remarkable diversification into contemporary fields such as IT and the Cyber world. Recognizing Innovation and Excellence The prestigious award was presented to ULCCS Limited by the International Cooperative Alliance Asia Pacific (ICA AP). The society’s groundbreaking achievements were highlighted, emphasizing its remarkable journey in establishing a niche in India’s infrastructure development landscape.…

The National Cooperative Consumers Federation of India Limited (NCCF) is set to embark on a transformative journey to achieve self-reliance, with Union Home Minister and Minister of Cooperation Shri Amit Shah providing a roadmap during his address to the Board of Directors in New Delhi. Shri Shah underscored the importance of NCCF reaching a turnover of Rs 50,000 crore by the fiscal year 2027-28, emphasizing that the cooperative should focus on expanding its membership base, particularly by integrating Primary Agricultural Credit Societies (PACS) and other cooperative institutions nationwide. This strategic move aims to enhance the proportion of cooperatives in NCCF’s…

The National Cooperative Consumers’ Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED) are two cooperatives that have been instrumental in curbing tomato prices in India. In response to declining wholesale prices, the Centre directed NCCF and NAFED to sell tomatoes at a reduced rate of Rs 50 per kilogram. This move aimed to boost domestic availability and contain price rises. NCCF and NAFED have been selling tomatoes at discounted rates since July, 2023 in Delhi-NCR, Uttar Pradesh, Rajasthan, and Bihar. They have procured tomatoes from mandis in Andhra Pradesh, Karnataka, and Maharashtra for distribution…