Export cooperative bodies

Export cooperative bodies

Subject : Economy

Context:

A conference to commemorate the 100th International Day of Cooperatives was held at Vigyan Bhavan.

Major announcements 

The Centre will set up a National Cooperative Export Society to help enhance exports.

Primary Agriculture Credit Societies may be allowed to sell petroleum products, run PDS shops.

Computerisation of Primary Agriculture Credit Societies will be undertaken.

Concept:

• In 2019, the Union government has set up the Cooperative Sector Exports Promotion Forum (CSEPF) under the National Cooperative Development Corporation (NCDC) to assist farmers export their products.
  • National Cooperative Development Corporation was established by the  National Co-operative Development Corporation Act, 1962 as a statutory Corporation under the Ministry of Agriculture & Farmers’ Welfare.
  • The NCDC has the unique distinction of being the sole statutory organisation functioning as an apex financial and developmental institution exclusively devoted to the cooperative sector.
  • The objectives of NCDC are planning and promoting programmes for agricultural produce, foodstuffs, industrial goods, livestock and certain other notified commodities and services on cooperative principles.
    • The Corporation promotes, strengthens and develops the farmers’ cooperatives for increasing production and productivity and instituting post-harvest facilities.
    • The Corporation’s focus is on programmes of agricultural marketing and inputs, processing, storage, cold chain and marketing of agriculture produce and supply seeds, fertilizer and other agricultural inputs etc.
    • In the non-farm sector, the Corporation’s endeavour is to equip cooperatives with facilities to promote income-generating activities, with a special focus on weaker sections such as dairy, livestock, handlooms, sericulture, poultry, fishery, scheduled caste & scheduled tribes, women cooperatives etc.

Primary Agricultural Credit Societies.

• It is a village-level institution that works directly with rural residents.
• It encourages agriculturists to save, accepts deposits from them, makes loans to deserving borrowers, and collects repayments.
• PACS are the lowest unit in a three-tier structure: The other two tiers — State Cooperative Banks (StCB) and District Central Cooperative Banks (DCCB).
• Organisational Structure of PACS
  • General Body of PACS: Exercise the control over board as well as management.
  • Management Committee: Elected by the general body to perform the work as prescribed by the society’s rules, acts, and by-laws.
  • Chairman, Vice-Chairman, and Secretary: Work for the benefit of the members by performing their roles and duties as assigned to them.
  •  Office Staff: Responsible for performing day to day work.