Three new Multi-state cooperative bodies formed

In news– The Union Cabinet has recently approved setting up of three new multi-state cooperative bodies.

About new multi-state cooperative bodies-

Three new multi-state cooperative bodies under the Multi-State Cooperative Societies (MSCS) Act, 2002 are:

Multi-state cooperative organic society-

It will manage various activities related to the organic sector by providing certified and authentic organic products.
It will help in unlocking demand and consumption potential of organic products in domestic as well as global markets.
It will also help cooperatives and ultimately their farmer members in getting benefits of high price of organic products through aggregation, branding and marketing on a large scale by facilitating testing and certification at affordable cost.

Multi-state seed cooperative society-

It will act as an apex organisation for production, procurement, processing, branding, labelling, packaging, storage, marketing and distribution of quality seeds; strategic research and development; and to develop a system for preservation and promotion of indigenous natural seeds; through various cooperative societies across the country with support from relevant ministries.
It will help to increase the seed replacement rate, varietal replacement rate, ensuring the role of farmers in quality seed cultivation and seed variety trials.

Multi-state cooperative export society-

It will provide thrust to exports from the cooperative sector by acting as an umbrella organisation for carrying out and promoting exports.
It will also help cooperatives in getting benefits from various export-related schemes and policies of different ministries of the central government in a focused manner.
Basically, it will help unlock the export potential of Indian cooperatives in the global market.