NACOF held its 12th AGM at the NCUI headquarters last week in which the man behind the organization, Ram Iqbal Singh declared that NACOF has earned handsome profits and done a business of about Rs 2000 crore in this fiscal. Nafed MD Sanjeev Chadha was the chief guest.
“Your organization has achieved a sales turnover of Rs.1978/-crore and earned a net profit of Rs.4.78 crores after tax. The working results presented before you show that NACOF has achieved a good result in spite of adverse situations in the country e.g. Corona, lockdowns clamped all over the country and competition between various organizations”, said Ram Iqbal to delegates present in strength.
Besides the Directors and delegates of NACOF, several well-known faces including D N Thakur, Vice President of Sahakar Bharati were present. SK Sharma, an old NCDC hand was the anchor of the show.
Speaking on the occasion, D N Thakur said that NACOF has proved that a co-op can grow and prosper without any govt support. Thakur also mooted the idea of collaboration of NACOF with Nafed, which was later discussed in great detail by the Nafed MD in his speech.
The Chief Guest Sanjeev Chadha promised to help NACOF and said that wherever NACOF is strong and Nafed’s presence is not so strong, the latter would not mind taking help from Nacof. Chadha also encouraged the delegates to take help from the Infra Fund and promised to lend all help in this.
Earlier, Ram Iqbal Singh who has penned a spiritual book dwelt at length on the merits of a contented life before an attentive audience. The NCUI Board room was jam-packed not only with delegates but also with admirers of Ram Iqbal Singh, who is known in the co-op circle as a friendly man.
In his speech Ram Iqbal informed that besides the regular business of procurement from states, NACOF is diversifying its activities in other fields e.g. disposal of waste management, supply of items under the IDS Scheme/schemes of Social Welfare Department of the State Governments with an aim to make NACOF financially strong.
Singh named the state govts of Tamil Nadu, Rajasthan, West Bengal, Jharkhand, Assam, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Karnataka, Haryana, Punjab, Andhra Pradesh, Telangana, Maharashtra, Bihar, Union Territories e.g. Chandigarh, J&K, Pondicherry & others for placing their orders on NACOF for the supply of various items.
“NACOF is active in the treatment of polluted water in lakes by using Bioremediation technology to contribute towards protecting & maintaining the environment and natural resources of States”, informed Singh.
NACOF is also participating in the Skill Development programs as its Raipur branch is the nodal branch for implementing the above scheme. Recently, Small Farmers Agri-Business Consortium (SAC) and NAFED have selected NACOF as their agency for the formation & promotion of 25 FPOs under the Central Sector Scheme, said, Singh.
Recently, Odisha has also selected NACOF for the implementation of organic farming in Kalahandi under the NHM Scheme. NACOF has been running three medical shops in the Central Government hospitals, New Delhi for the last three years. It is running 25 branches in some of the State Capitals.