NEW DELHI “The government will set up farm-based cooperatives in every village that doesn’t already have one and develop them into cross-sectoral units, which will give a great boost to the cooperative movement,” said NITI Aayog member Ramesh Chand.
NEW DELHI “The government will set up farm-based cooperatives in every village that doesn’t already have one and develop them into cross-sectoral units, which will give a great boost to the cooperative movement,” said NITI Aayog member Ramesh Chand.
“There is a big movement towards rural cooperatives. The government plans to set up an agricultural cooperative in every village where there is no cooperative. “That’s the goal,” Chand said in an interview. In the second phase, they will be expanded into cross-sectoral cooperatives that trade not only in agricultural products but also in other products. “They can store the produce, and they can.” Export.”
“There is a big movement towards rural cooperatives. The government plans to set up an agricultural cooperative in every village where there is no cooperative. “That’s the goal,” Chand said in an interview. In the second phase, they will be expanded into cross-sectoral cooperatives that trade not only in agricultural products but also in other products. “They can store the produce, and they can.” Export.”
The aim is to strengthen the rural economy and achieve what the government calls “prosperity through cooperation”.
The aim is to strengthen the rural economy and achieve what the government calls “prosperity through cooperation”.
Chand said strengthening farmer organizations is a priority for the government.
Chand said strengthening farmer organizations is a priority for the government.
Prime Minister Narendra Modi, who launched the onboarding of 1,600 farmer producer organizations (FPOs) into the Open Network Digital Commerce (ONDC) last month, is a new initiative in this regard, he said.
Prime Minister Narendra Modi, who launched the onboarding of 1,600 farmer producer organizations (FPOs) into the Open Network Digital Commerce (ONDC) last month, is a new initiative in this regard, he said.
“ONDC can revolutionize agricultural marketing. Through ONDC, FPOs can sell to any wholesaler, company, or consumer. “This will be groundbreaking,” Chand said, adding that state-level Agricultural Product Marketing Committee (APMC) laws do not apply to electronic transactions.
“ONDC can revolutionize agricultural marketing. Through ONDC, FPOs can sell to any wholesaler, company, or consumer. “This will be groundbreaking,” Chand said, adding that state-level Agricultural Product Marketing Committee (APMC) laws do not apply to electronic transactions.
Chand explained that adding FPOs to ONDC does not require a budget allocation and that the necessary capacity building will be carried out by an agency under the Department of Agriculture.
Chand explained that adding FPOs to ONDC does not require a budget allocation and that the necessary capacity building will be carried out by an agency under the Department of Agriculture.
The measures are intended to help improve farmers’ incomes, a key goal of the NDA government.
The measures are intended to help improve farmers’ incomes, a key goal of the NDA government.
The center explores ways to increase entrepreneurship among farmers and promote community-based development through cooperatives. Efforts to allow greater private-sector investment in the agricultural sector through three new farm bills, however, were thwarted by protests from farmers in certain states. The center is currently working on creating a national database of cooperatives, which will help identify gaps in their geographical distribution and also assist in policy making.
The center explores ways to increase entrepreneurship among farmers and promote community-based development through cooperatives. Efforts to allow greater private-sector investment in the agricultural sector through three new farm bills, however, were thwarted by protests from farmers in certain states. The center is currently working on creating a national database of cooperatives, which will help identify gaps in their geographical distribution and also assist in policy making.
In May, the government allowed the country’s more than 100,000 farm credit corporations, serving some 130 million farmers, to set up decentralized grain storage facilities to help farmers better plan their sales and reduce farm product waste.
In May, the government allowed the country’s more than 100,000 farm credit corporations, serving some 130 million farmers, to set up decentralized grain storage facilities to help farmers better plan their sales and reduce farm product waste.
This program was announced taking into account the reach of cooperatives in the last mile and their role in the rural economy.
This program was announced taking into account the reach of cooperatives in the last mile and their role in the rural economy.
The government wants these companies to develop into more financially sound and viable businesses. In addition, the Center has granted several tax breaks to the cooperative sector. New cooperatives starting production by the end of March next year will be entitled to a corporate tax rate of 15%, which is the same as new manufacturing companies.
The government wants these companies to develop into more financially sound and viable businesses. In addition, the Center has granted several tax breaks to the cooperative sector. New cooperatives starting production by the end of March next year will be entitled to a corporate tax rate of 15%, which is the same as new manufacturing companies.
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