NCCF should target ₹50kcr turnover by FY28: Amit Shah

Union Cooperation Minister Amit Shah on Friday directed National Cooperative Consumers' Federation (NCCF) to change its business approach to achieve a turnover of ₹50,000 crore by 2027-28.

Shah, addressing the Board of Directors of NCCF here, said the NCCF should prepare a roadmap for the next 10 years to become a self-reliant cooperative institution. "He said the Ministry of Cooperation will provide its full support to NCCF in implementing such a roadmap," an official statement said.

The minister said the NCCF should emphasise on making Primary Agricultural Credit Societies (PACS) and other cooperative institutions across the country its members so as to ensure that the proportion of cooperatives in the share of capital of NCCF is relatively higher. For this purpose, NCCF will have to develop its business plan and change its business approach... NCCF should... achieve a turnover of ₹50,000 crore by 2027-28," Shah said.


He also laid special emphasis on ensuring procurement of maize from farmers of Gujarat, Bihar, and other states by NCCF, along with its associate companies for ethanol production.