Union Home Minister and Minister of Cooperation Shri Amit Shah addressed the ‘National Symposium on Cooperative Exports’ organized by the National Cooperative Exports Limited (NCEL) in New Delhi.
- Shri Shah also released the logo, website and brochure of NCEL and distributed membership certificates to NCEL members.
About National Cooperative for Exports Limited
- The National Cooperative for Exports Limited is the newly established umbrella organisation for cooperative sector exports registered under Multi-State Co-operative Societies Act, 2002 on 25th January, 2023.
- It covers agriculture and allied activities as well as handloom and handicrafts items by enrolling a large number of co-operatives under its fold with a target to double its revenue by 2025 from the current level of about Rs 2,160 crore.
- All cooperative societies from the level of primary to apex, who are interested in exports, are eligible to become member of the NCEL which has an authorised share capital of Rs 2,000 crore.
- It aims to focus on exporting the surpluses available in the Indian cooperative sector by accessing wider markets beyond the geographical contours of the country.
- The goals behind setting up NCEL include increasing exports, especially agricultural exports, making farmers prosperous, changing crop patterns and enabling 2 crore farmers of the country to declare their land as natural by 2027.
- Another objective of setting up NCEL is to strengthen cooperatives sector in the country including rural areas and population dependent on agriculture.
- NCEL is launched in the cooperative sector with 6 objectives of increasing exports, prospering the farmer, changing the crop pattern, providing global market for organic products, gaining a place for India in the global market for biofuel and strengthening the cooperative sector.
- Four leading co-operatives- Gujarat Cooperative Milk Marketing Federation (GCMMF – Amul), Indian Farmers’ Fertiliser Cooperative (IFFCO), Krishak Bharti Cooperative (KRIBHCO) and National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Development Corporation (NCDC) have jointly promoted NCEL.
