National Cooperative Exports Limited has provisions to distribute dividends of up to 20% to its members, Union Cooperation Minister Amit Shah informed Rajya Sabha.
In a written reply, the Minister said that as per NCEL’s bye-laws, dividends may be paid from net profits after statutory appropriations, subject to recommendation by the Board and approval of the General Body.
He further stated that Bharatiya Beej Sahakari Samiti Limited provides multiple benefits to its member cooperative societies beyond dividends. These include service charges for seed production, processing and marketing activities, as well as procurement of seeds at favourable prices, whichever is higher among MSP plus 10%, state-fixed prices or mandi rates.
Additionally, member cooperatives marketing BBSSL products receive trade margins ranging from 10% to 18% without any security deposit requirement.
The Minister added that BBSSL also supports farmers through free training, education and technical guidance on scientific seed production and best agricultural practices. However, no separate incentive schemes or bonuses are provided directly to member farmers.
