NAFEX.in: Amit Shah Launches NAFED’s Auction Portal
Why in the news
The Union Cooperation Minister introduced a set of digital tools for NAFED to bring transparency and efficiency to agricultural auctions. He also reviewed the federation’s work with its board.
Key facts
- Date and place: 23 June 2026, Atal Akshay Urja Bhawan, New Delhi.
- Launched by: Home Minister Amit Shah, who also holds the Cooperation portfolio.
- Link to policy: PM Modi’s vision of “Sahkar Se Samriddhi” (prosperity through cooperation).
- Board meeting: Shah chaired it; NAFED presented progress, action taken on earlier directions and its future roadmap.
| Initiative | What it does |
|---|---|
| NAFEX.in | Digital auction platform for farmers, member institutions and stakeholders; a live demo showed registration and start of auctions |
| NAFED-KALYAN | Scholarship for children of farmers; cheques were handed out at the event |
| DRISHTI portal | Inventory management of pulses and oilseeds; helps procurement planning, cuts losses, supports PDS integration and MSP procurement |
| ERP portal | Internal enterprise planning: finance, supply chain, HR, inventory tracking, decision support |
About NAFED
- NAFED expands to National Agricultural Cooperative Marketing Federation of India; it is the apex body for cooperative sale of farm produce, based in New Delhi.
- Established 2 October 1958; governed by the Multi-State Cooperative Societies Act, 2002 (originally registered under the Bombay Co-operative Societies Act, 1925).
- Functions: marketing, MSP procurement of pulses and oilseeds under the Price Support Scheme, PM-AASHA implementation, storage, trade in farm commodities and inputs.
Ministry of Cooperation
- Formed on 6 July 2021 from the Agriculture Ministry’s cooperation department; Amit Shah is its first Minister.
- Aim: deepen the cooperative movement at the grassroots; the “Sahkar Se Samriddhi” slogan dates from this creation.
- Pillars: stronger societies, digitisation, farmer empowerment, technology-led change.
Related items
- PM-AASHA, Price Support Scheme, Price Deficiency Payment Scheme, PPSS, eNAM, Operation Greens, Soil Health Card, PM-KISAN.
- NCCF: apex consumer cooperative, set up in 1965, works with NAFED on subsidised retail sales.
Exam angle
- Names of the four launches and the portal for pulses-oilseed inventory (DRISHTI).
- Nodal ministry of NAFED: Cooperation.
- Act governing NAFED: Multi-State Cooperative Societies Act, 2002.