What was being dismissed as a cooperative beyond repair is on the mend again -the story of the fall and rise of Nafed puts even sensational bollywood scripts in the shade. It has in one stroke silenced its critics by earning a handsome profit of Rs 125 crore and the Board members thanked the Modi govt for standing by it when it was in dire need of support.
In the Board meeting on Wednesday the Board presided over by Vagchibhai Patel passed a resolution thanking the Central govt for helping Nafed earn a profit as service charge for procuring food-grains. “It was a welcome change and all of us felt compelled to say thank you to the govt”, said Nafed Vice Chairman Dileebhai Sanghani to Indian Cooperative.
A simple man to the core Sanghani also thanked each and every member of the board for their support for the unfolding growth story of Nafed; “it is after all a team work”, he underlined.
Explaining the role of the central govt Sanghani said the Modi govt allowed Nafed to purchase pulses and oilseeds from across the states that has yielded the cooperative a handsome operational profit of Rs 125 crore.
With the Nafed on the surge again, farmers are complaining against Maharashtra government for its decision to not procure tur from farmers who have registered with NAFED after April 22. Tur farmers across the county are facing huge losses after prices crashed due to a bumper crop. Tur now trades at less than the minimum support price (MSP) of Rs 5,050 per quintal set by the state.
To ensure farmers don’t suffer heavy loss, NAFED, along with the Small Farmers Agribusiness Consortium (SFAC) and the Food Corporation of India (FCI), has been buying the pulse at the MSP, reports ET.