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]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.
- Supreme Court refuses to consider individual cases for accepting demonetised notes; asks petitioners to approach govt - March 21, 2023
- Google suspends Chinese shopping app Pinduoduo due to malware issues - March 21, 2023
- Delhi High Court grants six weeks to RBI to file reply on Uniform Banking Code - March 21, 2023