What is NAFED?


What is NAFED?

National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was introduced on the great day of Gandhi Jayanti on 2nd October 1958. It has been registered under the Multi-State Co-operative Societies Act. To promote Co-operative marketing of Agricultural Produce to benefit the farmers is the main objective of the NAFED. Who has the authority to say in the form of members of the General Body in the working of NAFED i.e. agricultural farmers are the main member?

Objectives

  • to provide, coordinate and promote the marketing and trading functions of the cooperative institutions, partners and associates in agricultural, other commodities, articles and goods
  • to be responsible for or to promote on its own or on behalf of its member Institutions or the Government or Government Organizations, Inter-State and international trade and commerce and undertake, wherever necessary, sale, purchase, import, export and distribution of agricultural commodities,  horticultural and forest produce, other articles and goods from various sources for pursuing its business activities and to act as the agency for canalization of export and import and inter­state trade of agricultural and other commodities or articles under any scheme formulated by the Government of India or other Government agencies and to facilitate these activities, wherever necessary, to open branches/sub-offices and appoint agents at any place within the country or abroad
  • to provide purchase, sale and supply of agricultural, marketing and processing process, such as seeds, manure, fertilizer, agricultural implements and machinery, packing machinery, construction requisites, processing machinery for agricultural commodities, forest produce, dairy, wool and other animal products
  • to provide for warehouse facility under the Warehousing Act and own and construct its own godowns and cold storages
  • to be like an agent of any Government agency or cooperative institution, for the purchase, sale, storage and distribution of agricultural, horticultural, forest and animal husbandry produce, wool, agricultural requisites and other consumer goods
  • to be responsible as insurance agent and to undertake all such work which is incidental to the same
  • to set up consultancy work in various fields for the benefit of the cooperative institutions in general and for its members in particular
  • to take up manufacturing of agricultural, machinery and implements, processing, packing, etc. and other production requisites and consumer articles by setting up manufacturing units either directly or in collaboration with or as a joint venture with any other agency, including import and distribution of spare parts and components to up-keep of the machinery/ implements
  • to provide for storage units for  storing various commodities  and goods, by itself  or in  collaboration with any other agency in India or abroad
  • to maintain transport units of its own or in collaboration with any other organization in India or abroad for transportation of goods on land, sea, air  and operate freight station, container depot and undertake other incidental activities
  • to join up with any international agency or a foreign body for development of cooperative marketing, processing and other activities for mutual advantage in India or abroad
  • to work with marketing research and dissemination of market intelligence
  • When considered necessary for fulfilling the objectives of NAFED; to subscribe to the share capital and undertake business collaboration with  cooperative institutions, public, joint and private sector enterprises
  • to arrange for the training of employees of marketing/ processing/supply cooperative societies;
  • to set up the processing units for processing of agricultural, horticultural and forest produce, wool and allied products
  • to do maintenance of grading, packing, standardization, scientific treatment and process  of agricultural produce and other articles
  • to give/provide advance loans to its members and other cooperative institutions on the security of goods
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