Big decision taken in Cabinet meeting, 3 cooperative societies will be formed
On Wednesday the Union Cabinet approved the setting up of a national-level multi-state cooperative seed society under Multi-State Cooperative Societies (MSCS) Act, 2002. The Cabinet also approved the setting up of a national-level multi-state cooperative organic society under the MSCS Act, 2002.
The Union Cabinet further approved the setting up of a national-level multi-state cooperative export society under the MSCS Act, 2002.
The societies will act as apex organizations for the production, procurement, processing, branding, labelling, packaging, storage, marketing, and distribution of quality seeds.
The seed society will also promote strategic research and development and also develop a system for the preservation and promotion of indigenous natural seeds. It will further promote the seed replacement rate (SRR) and varity replacement rate (VRR) and help reduce the yield gaps and enhance productivity.
The organic society will act as an umbrella organization or aggregation, procurement, certification, testing, branding, and marketing of organic products.
The export society will facilitate the export of surplus goods and services produced by various cooperative societies across the country with support from relevant union ministries.
[With Inputs from IANS]
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Good decision