NCCF should change biz approach to achieve Rs 50,000 cr turnover by 2027-28: Amit Shah

Cooperation Minister Amit Shah on Friday directed the National Cooperative Consumers’ Federation (NCCF) to change its business approach to achieve a turnover of Rs 50,000 crore by 2027-28.

Shah, addressing the Board of Directors of NCCF here, said the NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution.

“He said the Ministry of Cooperation will provide its full support to NCCF in implementing such a roadmap,” an official statement said.

The minister said the NCCF should emphasise making Primary Agricultural Credit Societies (PACS) and other cooperative institutions across the country its members so as to ensure that the proportion of cooperatives in the share of capital of NCCF is relatively higher.

NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution. The NCCF should become self-reliant by achieving a turnover of Rs 50,000 crore by the year 2027-28," said Shah.He further said that the Ministry of Cooperation will provide its full support to NCCF in implementing such a roadmap.

The cooperation minister laid special emphasis on ensuring the procurement of maize from farmers of Gujarat, Bihar, and other states by NCCF along with its associate companies for ethanol production.

He said that if NCCF and NAFED so desire, the Ministry of Cooperation can help them get their common App prepared on a digital platform from the National Informatics Centre (NIC) and this App can be utilized to coordinate procurement of maize.

Shah urged NCCF to find export opportunities for pulses purchased from farmers and ensure that such purchases are made at Minimum Support Price (MSP). He also stressed on adopting aggressive extension and marketing, purchasing by giving prior assurance to farmers and setting up common collection centres.

In his address, Shah also suggested that NCCF can tie up with PACS for the purchase of onions and pulses so that arrangements for their storage can be made under the world’s largest storage scheme in the cooperative sector. He also asked to explore export opportunities for agricultural products and to purchase rice and export it through the National Cooperative Export Limited (NECL).