New Delhi, Jan 20 (KNN) The first-ever National Export Co-operative Society that was approved by the union cabinet on January 11, will begin exporting farm and non-farming products in the next three months.

As per reports, the Nano fertilizers produced by IFFCO and dairy products from Amul will be among the first few products that will be exported by the Co-operative Society.

The Society’s registration will be complete in the next few days and the first consignment will be exported in three months, a senior government official said on Thursday.

“The Society will benefit the smallest of farmer or artisan who has a good product but does not have access to the right platform. Through this Society, they will get access to international market and good returns too. Once the product has been tested for international standards, the packaging and export will be done by the Society,” said the official.

The National Export Co-operative society will have an authorised share capital of Rs 2,000 crore with the area of operation all over the country.

“It will also serve as an export house for handicrafts, handlooms, khadi and other products, ensuring enhancement of income of the cooperative member entrepreneurs,” the official added.

India’s leading cooperatives such as Indian Farmers Fertiliser Cooperative Limited (IFFCO), Krishak Bharati Cooperative Limited (KRIBHCO), National Agricultural Cooperative Marketing Federation of India (NAFED), Gujrat Cooperative Milk Marketing Federation (GCMMF), and National Cooperative Development Corporation (NCDC) will be the promoters of the Society and contribute Rs 100 crore each.  (KNN Bureau)