On August 25, 2020, Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has signed two MoUs (Memorandum of Understanding) one each with AFC ((formerly Agricultural Finance Corporation Ltd) India Limited, and National Cooperative Union of India (NCUI), Delhi for working together in the interest of agriculture and allied sectors.
APEDA MoU with AFC India:
Diwakar Nath Misra, Chairman APEDA and B.Ganeshan, Managing Director (MD), AFC India Ltd. (formerly Agricultural Finance Corporation Ltd.) signed the MoU to introduce critical technology intervention requirement for organic production system.
- This also aims to enhance the present per unit area production level of the different Crops / Fruits & Vegetables.
- Common Processing Centers will also be developed in compliance with guidelines of APEDA as per the international market requirements.
APEDA MoU with NCUI:
It was signed by Dr. Tarun Bajaj, Director APEDA and Mr. N.Satyanarayana, Chief Executive, NCUI to achieve the goal of Doubling the Farmers Income as set out by the Government in its Agri Export Policy (AEP) by providing the benefit for export opportunities to farmers.
- As a part of MoU they will also work towards compiling a Nation-wide Directory of Agri-Produce/Processing Cooperatives.
Recent Related News:
On June 10, 2020 Indian Farmers Fertilizer Cooperative Ltd(IFFCO) signs MoU (Memorandum of Understanding) with the Indian Council of Agricultural Research (ICAR) for joint research, testing and validation of different products through ICAR institutes and Krishi Vigyan Kendras(KVKs).
About AFC India Ltd:
AFC India Ltd., is a deemed to be Govt. organization, wholly owned by Commercial Banks, NABARD (National Bank for Agriculture and Rural Development) and EXIM Bank (Export-Import Bank of India), established in 1968.
Headquarter– Mumbai, Maharashtra
About National Cooperative Union of India (NCUI):
NCUI is the apex organization of the Cooperative Movement of India registered under the Multi-State Cooperative Societies Act, 2002 whose main objective is to promote and to develop the cooperative movement in India.
President– Dr. Chandra Pal Singh Yadav
Headquarter– New Delhi
