Cabinet approves Setting up of a national level multi-state cooperative seed society under Multi-State Cooperative Societies (MSCS) Act, 2002

Source: The post is based on the articleCabinet approves Setting up of a national level multi-state cooperative seed society under Multi-State Cooperative Societies (MSCS) Act, 2002published in PIB on 12th January 2023

What is the News?

The Union Cabinet has approved the setting up of three new cooperative bodies under the Multi-State Cooperative Societies (MSCS) Act,2002.

Which are these three new cooperative societies?

National multi-state cooperative export society: It will provide thrust to exports from the cooperative sector by acting as an umbrella organization for carrying out and promoting exports. This will help unlock the export potential of Indian cooperatives in global markets. 

– The society will also help cooperatives in getting benefits of various export-related schemes and policies of different ministries of the Government of India

– Benefits: Higher exports through the proposed society will increase the production of goods and services by the cooperatives at various levels, thus leading to more employment in the cooperative sector. Processing of goods and enhancing the services to match international standards will also generate additional employment. 

National multi-state cooperative organic society: It will manage various activities related to the organic sector by providing certified and authentic organic products. 

– It will also help cooperatives and ultimately their farmer members in getting benefits of high price of organic products through aggregation, branding and marketing on a large scale by facilitating testing and certification at affordable cost.

National multi-state cooperative seed society: It will act as an apex organization: 1) For production, procurement, processing, branding, labelling, packaging, storage, marketing and distribution of quality seeds, 2) For strategic research and development and 3) to develop a system for preservation and promotion of indigenous natural seeds.

– The society will also help to increase the seed replacement rate, and varietal replacement rate, ensuring the role of farmers in quality seed cultivation and seed variety trials.

 

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