Wednesday, 5 August 2020

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05 August 2020 Current Affairs:Union Minister of Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar launched the Sahakar Cooptube NCDC Channel. It is a new initiative by the National Cooperative Development Corporation (NCDC). The move is in line with operationalizing different aspects of Atma Nirbhar Bharat. He also launched guidance videos produced by NCDC on ‘Formation and Registration of A Cooperative’ for 18 different states in Hindi and regional languages.

♦ Government of India under Atma Nirbhar Bharat announced a series of transformative measures and sector-specific financial packages, recently, with an aim to help agriculture.
♦ The initiatives are towards One Nation One Market. It aims to make India become a food factory in the world. 
♦ The key strategy in the ecosystem is to facilitate the involvement of youth in cooperatives.
♦ The guidance videos in different languages will cover 18 States that will strengthen and deepen the major initiatives of GoI to promote and form 10,000 Farmer Producer Organisations (FPOs). 
♦ NCDC plays a major role in the formation of FPOs in cooperative mode. Many states will be added to the collection of guidance videos on NCDC Sahakar Cooptube Channel in due course of time.
♦ The move aims to strengthen all the activities and services in agriculture, horticulture, and allied sectors through the creation and development of agriculture infrastructure, medicinal and herbal plants, micro food enterprises, value chains, and logistics for fishery and animal husbandry, beekeeping and Operation Green. Significant legislative amendments have been made to create a conducive environment for agriculture.

National Cooperative Development Corporation (NCDC):
NCDC is an apex level statutory institution under the Ministry of Agriculture & Farmers’ Welfare. NCDC has achieved success with cumulative financial assistance to cooperatives to the tune of Rs.1,54,000 crore. It has achieved 83% of the cumulative financial assistance calculated since 1963, during these last six years alone. The cooperatives have a huge network of over 8.50 lakh organizations and 290 million members. They have substantially contributed in raising the income of their members and achieving rural prosperity.

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