With a prospect of robust increase in the government’ procurement of agri-commodities under price support scheme (PSS), the National Cooperative Consumers’ Federation (NCCF), a leading cooperative, is aiming to increase its turnover by more than 45% to Rs 12,000 crore in FY26 from Rs 8,270 crore in 2024-25, according to a senior official.
“In the last two year we have increased our procurement of agricultural commodities significantly, we will continue expand our procurement operations,” Annice Joseph Chandra, MD, NCCF said, adding that the cooperative expect to expand its current 30% share in total procurement volume under the PSS of agriculture ministry.
A major chunk of the procurement of oilseeds, pulses and maize for providing minimum support to farmers is carried out by the farmers’ cooperative Nafed.
Engine of growth: PSS and farmer-centric operations
Out of the total sales turnover of Rs 8,270 crore in FY25, the procurement operations by NCCF contributed Rs 7,500 crore, Chandra said. The net profit for the cooperative rose to Rs 216 crore in FY25, from Rs 182 crore in FY24. The cooperative purchased over 2 million tonne of paddy, onion, oilseeds, pulses and wheat in the last fiscal.
While NCCF reported a turnover of Rs 5,968.96 crore in 2023-24, the cooperative’s sales volume was at Rs 2,811 crore in FY23.
In addition to procurement under the PSS and the Price Stabilisation Fund (PSF), the cooperative also procured paddy on behalf of state governments in Madhya Pradesh, Tamil Nadu and Uttarakhand.
Expanding footprint: Retail growth and Ethanol supply chain
NCCF procures maize directly from farmers to ensure a steady supply of feedstock for ethanol production as part of the government initiative. It has signed MoUs with 63 distilleries to supply maize.
Over 4.1 million farmers have registered on e-Samyukti portal of NCCF, for procurement of pulses through which MSP is paid to them through DBT mode.
The Centre entrusts NCCF and Nafed with the procurement of oilseeds, pulses, maize, and onions under the PSS and the PSF, while the Food Corporation of India (FCI) handles minimum support price operations for rice and wheat.
Chandra said the federation has around 19 own outlets for selling several agri-commodities and the plan is to expand it to 40-45 stores by the end of FY26.
The NCCF is in discussion with metros in major cities to open outlets. The NCCF has launched its own brand ‘Janah’ to sell consumer goods.