Cooperatives Current Affairs, GK & News

July 4: International Day of cooperatives

Every year, the International Day of Cooperatives is celebrated on July 4. The main aim of celebrating the day is to draw the world attention in creating awareness about the concerns in cooperative sector. History The first International Day of Cooperatives was celebrated in 1923. It was established by the International Cooperative Alliance. In 1995, ..

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Shahakar Mitra Scheme launched

On June 12, 2020, the Union Agriculture Minister shri Narendra Singh Tomar launched Shahakar Mitra scheme. The scheme has been launched to assist the cooperative institutions to access innovative ideas of young professionals. In return the young interns will gain confidence to become self-reliant in the field. Highlights The Scheme is an internship programme for ..

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New Scheme for Diary Sector: GoI subsidizes interest rates on working capital

On May 14, 2020, the Government of India launched a new scheme for the diary sector. The scheme has introduced Interest Subvention on Working Capital to support Diary Cooperatives and FPO (Farmer Producer Organization). Key Features The scheme intends to modernize existing milk processing units. It will also enhance the milk processing capacity of the ..

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Procurement of Pulses and Oil Seeds from Farmers

The Government of India has procured oil seeds and pulses from farmers directly at Minimum Support Prices. Currently, the Price Support Scheme for the Rabi season has been launched in Andhra Pradesh, Karnataka, Rajasthan, Telangana, Uttar Pradesh, Haryana and Maharashtra. Highlights Till now the Food Corporation of India (FCI) and NAFED (National Agricultural Cooperative Marketing ..

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Yuva Sahakar­- Cooperative Enterprise Support and Innovation Scheme 2019 launched

‘Yuva Sahakar’-­ Cooperative Enterprise Support and Innovation Scheme 2019 was launched at the opening ceremony of first ever ‘India International Cooperatives Trade Fair’ in New Delhi on 11 October 2019 by Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar. With organisations from 35 countries and more than 150 Indian cooperatives participating in the ..

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