NAFED stands for National Agricultural Cooperative Marketing Federation of India. It is a cooperative marketing organization in India that is responsible for marketing agricultural products and providing support to farmers. NAFED was established in 1958, and it is headquartered in New Delhi.
NAFED is owned by over 5,000 cooperatives and 2.5 million farmers, who are involved in the production and marketing of agricultural products. The organization provides marketing support to farmers for their crops, which includes procurement, storage, and distribution of the agricultural products.
NAFED is involved in the marketing of various agricultural products such as pulses, oilseeds, cotton, jute, spices, fruits, and vegetables. The organization procures these products directly from farmers and sells them to consumers through a network of wholesale markets and retail outlets.
NAFED also provides financial support to farmers through various schemes such as price support schemes, credit schemes, and insurance schemes. The organization also provides technical support and training to farmers to help them improve their crop production and quality.
NAFED is an important organization in the Indian agricultural sector and plays a critical role in ensuring that farmers receive a fair price for their products. The organization also helps to reduce the gap between the producer and consumer by providing a direct link between farmers and consumers. NAFED has been instrumental in improving the socio-economic status of farmers in India and has played a significant role in the development of the agricultural sector.