NAFED to share 1% profit for education of farmers’ children: Amit Shah

1 min readNew DelhiJun 24, 2026 04:20 AM IST

Union Home Minister Amit Shah Tuesday launched four new initiatives of National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), and announced that it will earmark 1% of its profits for higher education scholarships and career development of children from farmer families.

Among the four new initiatives are Nafex.in, an agri e-auction platform; Drishti, an inventory management system; the NAFED’s Enterprise Resource Planning (ERP) Solution; NAFED Kalyan, a scholarship for farmers’ children.

Shah said output of pulses and oilseeds had risen in recent years, but self-sufficiency remained elusive as minimum support prices were not reaching growers. “There is a need to get rid of middlemen. Time has come for both NAFED and NCCF to procure pulses and oilseeds directly from farmers to ensure benefits reach them.”

Shah has set a two-year deadline, saying farmers would be able to sell directly to the two cooperatives and receive payment without intermediaries. India imports 6-7 million tonnes of pulses and 15-16 million tonnes of edible oils annually to bridge domestic shortfalls.