**Executive Summary**
On June 23, 2026, Union Home Minister Shri Amit Shah launched NAFED’s e-auction portal NAFEX.in along with three other major initiatives (DRISHTI, ERP, and NAFED Kalyan) to enhance transparency and farmer welfare. The government aims for NAFED and NCCF to procure every grain of pulses directly from farmers within the next two years, ensuring payments reach bank accounts within 48 hours. These measures target a turnover of ₹50,000 crore while eliminating middlemen and supporting the education of farmers' children through a new scholarship fund.
**Key Points / Main Content**
**Technological and Welfare Initiatives**
* **NAFEX.in:** A new e-auction portal designed to streamline the marketing of agricultural produce.
* **DRISHTI & ERP:** Implementation of digital systems to ensure complete transparency in organizational operations.
* **NAFED Kalyan:** A welfare initiative focused on supporting the farming community.
* **NAFED Scholarship:** Allocation of 1% of NAFED's profits to fund higher education and career development for the children of farmer families.
**Financial Growth and Performance**
* **Turnover Increase:** NAFED’s turnover has grown from ₹20,000 crore to ₹30,000 crore and is projected to exceed ₹50,000 crore in the next two years.
* **Profitability:** The organization transitioned from near-closure in 2014 to a current profit of ₹500 crore, with its net worth rising from ₹358 crore to ₹2,050 crore.
* **Diversification:** Expansion beyond procurement into organic farming, seed production, retail, bio-fertilizer manufacturing, and international trade.
**Procurement and Self-Reliance**
* **Direct Procurement:** NCCF and NAFED are mandated to purchase pulses, maize, and other produce directly from farmers to eliminate middlemen.
* **Payment Timeline:** Guaranteed direct bank transfers to farmers within 48 hours of sale.
* **National Goal:** Achieving self-reliance in the pulses sector by providing fair and remunerative prices to encourage increased cultivation.
**Impact Analysis**
**Farmers**
**Impact:** Farmers will benefit from the elimination of middlemen, receiving fair market prices and guaranteed direct payments within 48 hours.
**Action Required:** Transition to using the NAFEX.in portal and direct procurement channels for selling pulses and other crops.
**NAFED and NCCF**
**Impact:** These organizations must scale their infrastructure to the grassroots level to handle 100% procurement of pulses and meet significantly higher turnover targets.
**Action Required:** Implement procurement processes with full determination and transparency to ensure every grain is purchased directly from farmers.
**Children of Farmer Families**
**Impact:** Improved access to higher education and career development opportunities through dedicated financial support.
**Action Required:** Apply for the NAFED scholarship program funded by the organization’s annual profits.
**Middlemen**
**Impact:** Their role in the agricultural supply chain will be eliminated to ensure profits reach the farmers directly.
**Action Required:** None (The document indicates their removal from the procurement process).
Key Entities Referenced
NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.): The central agency implementing agricultural marketing initiatives, including a new e-auction portal and direct procurement of crops from farmers.
NAFEX.in: An e-auction portal launched to facilitate digital agricultural marketing, aimed at eliminating middlemen and ensuring direct payments to farmers.
Ministry of Cooperation: The primary union ministry responsible for overseeing the financial revitalization and digital transformation of cooperative federations like NAFED.
NCCF (National Cooperative Consumers' Federation of India): A key cooperative organization mandated to work alongside NAFED for the 100% direct procurement of pulses and maize from farmers.
NAFED Scholarship: A welfare initiative earmarking 1% of NAFED's profits to fund the higher education and career development of farmers' children.
Ministry of Cooperation
Union Home Minister and Minister of
Cooperation Shri Amit Shah launches NAFED’s
e-auction portal NAFEX.in
Solemn tributes to Dr. Syama Prasad Mookerjee on his
Balidan Diwas, who made the supreme sacrifice for the unity
and integrity of the nation
NAFED, which was on the verge of closure in 2014, is today
serving 74 lakh farmers with a profit of ₹500 crore under the
Modi Government
Middlemen will be eliminated; farmers’ hard-earned income
will reach their bank accounts directly within 48 hours
In the next two years, NCCF and NAFED will purchase every
single grain of pulses directly from farmers
NAFED scholarship launched for higher education and career
development of farmers’ children; a part of the profit will be
given to farmer families
प्रव तथ: 23 JUN 2026 4:41PM by PIB Delhi
Union Home Minister and Minister of Cooperation Shri Amit Shah today launched the e-auction portal
NAFEX.in of the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) in New
Delhi. Union Minister of Agriculture & Farmers Welfare and Rural Development Shri Shivraj Singh
Chouhan, Minister of State for Cooperation Shri Krishan Pal Gurjar, Secretary, Ministry of Cooperation
Dr. Ashish Kumar Bhutani, Chairman, NAFED Shri Jethabhai Ahir and several dignitaries were present on
the occasion.Addressing the programme, Union Home Minister and Minister of Cooperation Shri Amit Shah said that
NAFED has today launched four major initiatives, namely NAFEX.in, DRISHTI, ERP and NAFED
Kalyan. He said that NAFEX.in and the other initiatives are extremely important because in 2014,
NAFED was on the verge of closure, but due to these efforts, NAFED is today serving more than 74 lakh
farmers of the country with a turnover of ₹30,000 crore and a profit of ₹500 crore. Shri Shah said that
when NAFED was in deep financial crisis, Prime Minister Shri Narendra Modi Ji decided to run it with
complete transparency. He said that the Government of India provided financial assistance and once again
placed NAFED on a strong footing.
Shri Amit Shah said that today NAFED has registered a significant increase in both production and
procurement. To make the country self-reliant in the pulses sector, NCCF and NAFED will have to move
ahead with greater speed towards purchasing every single grain of pulses directly from farmers. This will
ensure fair and remunerative prices for farmers, automatically increase the area under pulses cultivation,
and make the country self-reliant in pulses.
Union Minister of Cooperation Shri Amit Shah said that in the last three years, the necessary infrastructure
for direct procurement of pulses, maize and other produce has been created. Now this infrastructure has to
be taken to the grassroots level. Shri Shah said that NAFED and NCCF will have to work with full
determination and transparency, only then will results be achieved. He said that it will be ensured that
within the next two years, all farmers are able to sell pulses directly to these two organisations and receive
payment directly into their bank accounts.
Shri Amit Shah said that today NAFED is no longer limited only to the procurement of agricultural
produce. In the last three years, NAFED has done excellent work in areas such as organic farming, seed
production, retail business, bio-fertilizer manufacturing, food security and international trade, which has
enhanced both NAFED’s relevance and profitability. He said that when the Ministry of Cooperation was
created, NAFED’s turnover was ₹20,000 crore, which has now increased to ₹30,000 crore. He expressed
confidence that in the next two years, this turnover will cross ₹50,000 crore. Shri Shah said that NAFED’s
net profit has increased from ₹139 crore to ₹405 crore, and its net worth has risen from ₹358 crore to
₹2,050 crore. He said that NAFED has today emerged as a strong, financially capable and self-reliantorganisation. The time has now come for NAFED and NCCF to procure every single grain of pulses and
other crops directly from farmers with complete transparency, eliminate the entire network of middlemen,
and ensure that the profits rightfully belonging to farmers reach them.
The Minister of Cooperation said that NAFED has decided to earmark 1% of its profits for scholarships
for higher education and career development of children from farmer families. This arrangement will help
address the difficulties faced by farmers’ children in pursuing higher education and building their careers.
At the beginning of his address, Union Home Minister and Minister of Cooperation Shri Amit Shah paid
tributes to former Union Minister and founder of Bharatiya Jana Sangh, Dr. Syama Prasad Mookerjee, on
his Balidan Diwas. Shri Shah said that it was on this day that Dr. Syama Prasad Mookerjee made the
supreme sacrifice to realise the principle of “One Nation, One Constitution, One Head” and to keep the
country united. He said that Dr. Syama Prasad Mookerjee is counted among the great leaders of this
nation. He did nothing in his life for fame, and whatever he did had far-reaching and positive
consequences for the country. Shri Shah said that at the time of India’s partition, Dr. Syama Prasad
Mookerjee fought against the British and ensured that West Bengal remained with India. It is because of
this that West Bengal continues to be an integral part of India today.
The Home Minister said that after Independence, Article 370 was implemented in Kashmir, due to which
Kashmir had a separate flag and a separate Constitution. Shri Shah said that this idea was extremely
dangerous for the unity and integrity of India. At that time, Dr. Syama Prasad Mookerjee launched a
movement asserting that in one country there cannot be two Constitutions, two flags and two heads. For
this, he marched from Delhi to Kashmir and declared that Kashmir is a part of India. He refused to take
any permit to enter Kashmir, because of which Syama Prasad Mookerjee was arrested. Dr. Syama Prasad
Mookerjee died under suspicious circumstances in a Kashmir jail. Shri Shah said that it was on the issue
of Kashmir that Dr. Syama Prasad Mookerjee resigned as Industry Minister in the then government. The
Home Minister said that today Dr. Syama Prasad Ji’s dream has been realised. Article 370 has been
abrogated and the government of the party founded by him is in power from Gangotri to Gangasagar in
Bengal. He said that Dr. Syama Prasad Mookerjee was a strong advocate of cultural nationalism and
Indian culture.
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