In News- National Agricultural Cooperative Federation of India Ltd. (NAFED):
Context: Government to substantially increase the daily supply of onions from its buffer stock held with NAFED.
About NAFED:
- National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED), established in 1958, 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.
- Composition: 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.
- The objectives of the NAFED shall be to organize, promote and develop marketing, processing and storage of agricultural, horticultural and forest produce, distribution of agricultural machinery, implements and other inputs, undertake inter-state, import and export trade etc.
