📰 Daily Current Affairs | 24 June 2026

NAFED, NCCF to Procure Pulses and Oilseeds Directly

Direct procurement from farmers with bank account payments by June 2028

On 23 June 2026, the Union Cooperation Minister directed NAFED (National Agricultural Cooperative Marketing Federation) and NCCF (National Cooperative Consumers' Federation) to procure pulses and oilseeds directly from farmers. The directive covers direct payment into farmers' bank accounts and a two-year implementation target up to June 2028.

🏢 NAFED and NCCF in India's Cooperative Structure

NAFED is a national-level cooperative organisation engaged in agricultural marketing and procurement. NCCF is a national cooperative federation that works in consumer and procurement-related activities within India's cooperative sector.

🌾 Direct Procurement of Pulses and Oilseeds

Pulses and oilseeds are major agricultural commodities in India's food and edible oil supply chains. Direct procurement from farmers removes intermediaries from the purchase process and uses bank transfers for settlement, benefiting farmers directly.

🚀 New NAFED Initiatives Launched in New Delhi

Four initiatives were launched in New Delhi on 23 June 2026:

  • Nafex.in — A digital auction platform for procured pulses and oilseeds
  • DRISHTI — An inventory management system
  • ERP — An enterprise resource planning system for organisational management
  • NAFED Kalyan — A scholarship programme for children from farming families

💰 Financial and Institutional Context

NAFED's annual turnover was ₹30,000 crore in FY25. The target set for NAFED's turnover is ₹50,000 crore. NAFED has announced a plan to allocate 1% of its profits for scholarships under NAFED Kalyan.

⭐ Important Facts for Exams

  • NAFED stands for National Agricultural Cooperative Marketing Federation.
  • NCCF stands for National Cooperative Consumers' Federation.
  • Nafex.in is a digital auctioning platform for pulses and oilseeds.
  • NAFED Kalyan is a scholarship programme for children of farmers.
  • NAFED's FY25 turnover: ₹30,000 crore; target: ₹50,000 crore.

📝 Practice Questions

Q1. What does NAFED stand for?

a) National Agriculture Food Export Department
b) National Agricultural Cooperative Marketing Federation
c) National Agro Finance and Economic Development
d) National Association of Farmers and Economic Development

✅ Correct Answer: b) National Agricultural Cooperative Marketing Federation

Q2. What is Nafex.in, launched on 23 June 2026?

a) A farmer loan portal
b) A digital auction platform for pulses and oilseeds
c) An export management system
d) A commodity price tracking app

✅ Correct Answer: b) A digital auction platform for pulses and oilseeds

Q3. What is NAFED Kalyan?

a) An inventory management system
b) A cooperative insurance scheme
c) A scholarship programme for children of farmers
d) A rural employment scheme

✅ Correct Answer: c) A scholarship programme for children of farmers

Q4. What was the target annual turnover set for NAFED?

a) Rs 10,000 crore
b) Rs 30,000 crore
c) Rs 50,000 crore
d) Rs 1,00,000 crore

✅ Correct Answer: c) Rs 50,000 crore

Q5. What is the two-year implementation target set for direct procurement by NAFED and NCCF?

a) June 2027
b) June 2028
c) December 2027
d) March 2029

✅ Correct Answer: b) June 2028