The 64th Annual General Body Meeting (AGM) of National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was held at New Delhi today.
Welcoming the participants, Bijender Singh, Chairman NAFED thanked to the Hon'ble Union Minister of Agriculture, Shri Narendra Singh Tomar, MoS for Agriculture, Shri Kailash Choudhary, Shri Rupala ji, Secretary (A&C), Additional Secretary (A&C) and other senior officers in the Ministry of Agriculture and Farmers Welfare and Ministry of Food, Consumer Affairs and Public Distribution for their constant guidance and support to NAFED from time to time and reposing confidence in NAFED by entrusting various tasks. He assured the Government that NAFED would strive hard to accomplish the tasks assigned by the Government to the best of its ability.
1. Hon'ble Chairman also extended his gratitude to the Hon'ble Prime Minister of India for creating a separate "Ministry of Cooperation" and giving it under the able and dynamic leadership of Hon'ble Shri Amit Shah Ji.
The creation of separate Ministry will not only address the issues of the Cooperative movement promptly but will also boost the cooperative sector including agriculture, horticulture, animal husbandry, fisheries, sugar and many more, which are directly connected to the farmers. He also congratulated the Hon'ble Prime Minister and extended best wishes on his birthday.
2. Hon'ble Chairman informed that IFFCO in coordination with NCUI, KRIBHCO, NAFED, AMUL and other cooperative institutions are organizing a "National Cooperative Conference" on 25th September, 2021 in Indraprastha Indoor Stadium, New Delhi, to deliberate as to how to increase the role of cooperative sector in the overall development of the country wherein Hon'ble Home and Cooperation Minister, Shri Amit Shah Ji would be the Chief Guest. He requested that more and more delegates of member Federations/Societies attend the function on-line and get benefit of the advice of the Hon'ble Cooperation Minister.
3. Hon'ble Chairman NAFED informed that with the Government's support at all levels and right policy decisions at the level of the Board of Directors and hard work put in by the Managing Director, Officers and employees of NAFED, NAFED is now continuing on the path of progress both financially and in providing better services to the farming community by implementing various schemes of the Government of India.
4. Hon'ble Chairman further informed the General Body that NAFED has been generating profits for the last four years and as a result of continued improved performance since 2016-17, its net worth has become positive during 2020-21, which is a remarkable achievement which was possible with support from all concerned and various new initiatives taken by NAFED during these years. Chairman NAFED also announced that the Board of Directors has proposed a dividend of 15% to the member Federations/Societies for the year ending 2020-21.
5. Sh. Sanjeev Kumar Chadha, Managing Director, tabled a brief of activities carried out by NAFED during 2020-21. During the year, the Federation achieved a turnover of ? 36,894.95 Crores with a net profit of
? 243.89 Crores. NAFED continues to be one of the Central Nodal agencies of the Government of India for procurement of Oilseeds and Pulses under Price Support Scheme, in addition to maintaining buffers of pulses on its behalf. During 2020-21, a quantity of 34.56 LMTs of oilseeds and pulses valuing over ? 17.413.09 Crores was procured which also includes procurement of pulses of the order of Rs.529.76 Crores under Price Stabilization Fund (PSF) for buffer stocking on behalf of GoI.