Nafed: Origin of Nafed National Agricultural

Origin of Nafed National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958. Nafed is registered under the Multi State Co-operative Societies Act. Nafed was setup with the object to promote Co-operative marketing of agricultural produce to benefit the farmers. Agricultural farmers are the main members of Nafed, who have the authority to say in the form of members of the General Body in the working of ... National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958. Nafed is registered under the Multi State Co-operative Societies Act. Nafed was setup with the object to promote Co-operative marketing of agricultural produce to benefit the farmers. Agricultural farmers are the main members of Nafed, who have the authority to say in the form of members of the General Body in the working of Nafed. NAFED is a multi-state cooperative society that promotes trade of agricultural produce and forest resources across India. It implements price stabilization measures under Operation Greens and operates a commodities exchange called National Spot Exchange. NAFED was established on 2 October 1958 under the Multi-State Cooperative Societies Act, 1958. Its formation was a significant step towards creating a national-level cooperative body that could strengthen agricultural marketing and ensure remunerative prices for farmers.