Cooperatives Current Affairs - 2020

GoI launches NCDC YouTube Channel “Sahakar Cooptube NCDC India”

On August 4, 2020, the Union Agriculture Minister Shri Narendra Singh Tomar launched YouTube channel of National Cooperative Development Corporation (NCDC) called “Sahakar Cooptube NCDC India”. Highlights The channel will focus on encouraging youth and farmers to learn about the benefits of cooperatives. It will aim to bring in more youths in the cooperative sector. Read More…

Indo-Italian Business Mission on Food Processing inaugurated

On July 15, 2020, the Union Minister of Food Processing Industries Harsimrat Kaur Badal inaugurated the Digital Indo-Italian Business mission on Food Processing. Highlights The event is to be held for two days. During the event, trade fairs, digital conferences and back to back meetings are to be conducted. Around 23 Italian companies are to Read More…

Shahakar Mitra Scheme launched

On June 12, 2020, the Union Agriculture Minister shri Narendra Singh Tomar launched Shahakar Mitra scheme. The scheme has been launched to assist the cooperative institutions to access innovative ideas of young professionals. In return the young interns will gain confidence to become self-reliant in the field. Highlights The Scheme is an internship programme for Read More…

New Scheme for Diary Sector: GoI subsidizes interest rates on working capital

On May 14, 2020, the Government of India launched a new scheme for the diary sector. The scheme has introduced Interest Subvention on Working Capital to support Diary Cooperatives and FPO (Farmer Producer Organization). Key Features The scheme intends to modernize existing milk processing units. It will also enhance the milk processing capacity of the Read More…

Procurement of Pulses and Oil Seeds from Farmers

The Government of India has procured oil seeds and pulses from farmers directly at Minimum Support Prices. Currently, the Price Support Scheme for the Rabi season has been launched in Andhra Pradesh, Karnataka, Rajasthan, Telangana, Uttar Pradesh, Haryana and Maharashtra. Highlights Till now the Food Corporation of India (FCI) and NAFED (National Agricultural Cooperative Marketing Read More…