cWhich of the given statements is/are correct with respect to NAFED?
i. NAFED is registered under the Multi-State Co-operative Societies Act.
ii. It was set up with the objective of promoting Cooperative marketing of agricultural produce to benefit farmers.
iii. It was established in 1956.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Only i and ii.
- This statement is correct. NAFED is indeed registered under the Multi-State Co-operative Societies Act. This registration allows NAFED to operate across multiple states in India, facilitating cooperative marketing activities and services on a national level.
- The organization works to ensure that farmers receive fair prices for their produce, reducing the role of middlemen and enhancing the overall efficiency of the agricultural marketing system.