The 66th Annual General Meeting of NAFED felicitated the profits made during the financial year 22-23.

National Agricultural Cooperative Marketing Federation of India Limited (NAFED) organized its 66th Annual General Meeting on 22 September 2023 at NCUI Auditorium, New Delhi. During the meeting, Dr. Bijender Singh, Chairman, NAFED, highlighted the net profit of Rs.264.51 crore earned during the financial year 2022-2023.

Ritesh Chauhan, IAS, MD NAFED

During his keynote address, Ritesh Chauhan, IAS, MD NAFED, expressed his satisfaction on how the visit of Amit Shah, Union Home Minister and Minister for Cooperation to NAFED has influenced the Federation and helped NAFED achieve a turnover of Rs. encouraged to expand their agricultural marketing activities. 1 lakh crore over the next 7 years by reducing imports of pulses.

About 558 delegates representing various member societies and state federations, such as RAJFED, MARKFED-Punjab, BISCOMAUN-Bihar, BUNKUS, Delhi State Co-op Federation, and Ahilya Co-operative Society Federation, graced the occasion with their presence. Attended the event.

Profit of NAFED during the financial year 2022-2023

• NAFED achieved a turnover of Rs 21,404.58 crore with an operational profit of Rs 64 crore and a net profit of Rs 264.51 crore.

• The Federation procured 30.44 LMT of oilseeds and pulses worth Rs 17,120.49 crore under Product Support Services (PSS).

• NAFED has procured 0.15 lakh metric tonnes (MTs) of pulses worth Rs 91.23 crore under PSF, from the Department of Consumer Affairs, Government of India.

• NAFED has also procured a total quantity of 40,383.490 MTs of import stock of Toor, Mussoor and Urad worth Rs.01 crore.

• The membership of the organization also increased from 974 to 994, resulting in a combined capital of Rs 07 crore from Rs 41.02 crore.

Notable dignitaries at NAFED’s 66^Th Annual General Meeting

• Dr. Chandrapal Singh Yadav, Chairman, Krishak Bharti Cooperative Limited (KRIBHCO) and International Cooperative Alliance – Asia Pacific (ICA-AP) along with Dilip Singhani, Chairman, Indian Farmers Fertilizer Cooperative Limited (IFFCO) and National Cooperative Union of India (NCUI) shared his valuable insights and appreciated the senior management for their dedicated efforts in the continuous and steady growth of the Federation.

• Dr. Bijender Singh appreciated the member societies of NAFED who came from all over India to attend the AGM.

• Sunil Kumar Singh, Vice Chairman, NAFED, heartily thanked the gathering during the AGM and proposed a vote of thanks recognizing the unwavering commitment and collective efforts of the NAFED team.

NAFED continues to work for the betterment of farmers across the country by providing fair prices and a ready market for their produce and other services.

First Published: 22 Sep 2023, 20:31 IST