IFFCO Full Form

Edited By Team Careers360 | Updated on Jul 03, 2023 11:41 AM IST

What is the full form of IFFCO?

Indian Farmers Fertilizer Cooperative Limited is the expanded name of IFFCO. One of the most well-known cooperative multi-state societies in the world, it is run entirely by Indian cooperatives. It started in 1967 with just 57 cooperatives and now consists of about 35,000 Indian cooperatives that serve over 50 million Indian farmers and have a variety of economic interests, including insurance goods, rural telecommunications, its primary business of fertilizer manufacture, and sales.

IFFCO Full Form

India is a predominantly agricultural nation, and the agricultural sector accounts for roughly 14.65% of the country's GDP, making it a crucial factor in the development of the nation. To assure greater agricultural output, IFFCO provides fertilizers to farmers all around the country, playing a crucial role in growing this sector's economy.

The multi-state cooperative society known as IFFCO is called Indian Farmers Fertilizer Cooperative Limited. The Cooperative Societies of India own all of IFFCO. Fertilizer production and distribution are societal activities. New Delhi, India serves as the home base for IFFCO. The largest cooperative in the world today is based on turnover and GDP per person (as per World Cooperative Monitor 2021).

IFFCO is India's largest fertilizer company, with a market share of roughly 19% in urea and about 31% in complex fertilizers (P2O5 terms).

The cooperative had a net worth of $2.6 billion as of March 2021 and was included as the 66th largest firm in India on the Fortune India 500 list as of 2017.

Goals of IFFCO

Apart from raising farmers' income through a rise in crop yield, IFFCO's primary goals are -

to make things usable and to preserve the community's physical condition.
the well-established and economically substantial construction of cooperative groups.
to support rural India by strengthening farmers' agricultural techniques and offering them expert, high-quality assistance.

The goal of IFFCO is to provide enough, trustworthy, first-rate agricultural information and services promptly, as well as to operate services that enhance the quality of life, to enable and accredit Indian farmers to grow and prosper.

Mission

Like every significant cooperative, IFFCO has several objectives that it hopes to accomplish to improve the lives of others -

To quickly and efficiently deliver high-quality fertilizers to farmers across the nation
To develop and manufacture fertilizers sustainably to save resources and energy.to collect and use cutting-edge, economical, and environmentally friendly technology to advance more quickly

Functions

By providing a timely supply of top-notch agriculture services and goods like fertilizers, IFFCO helps the nation flourish. These are some of the duties carried out by the IFFCO:

enhanced village sanitary facilities and veterinary services are provided.
Additionally, IFFCO assists farmers in increasing their primary income through farm-based initiatives like dairying and beekeeping.
ensuring they receive a good wage will help the rural areas' economy and social development.
funding and upkeep of mobile or stationary soil testing labs to ensure a better understanding and study of the various soil types across the nation.
ensures the timely delivery of high-quality fertilizers to all of the nation's farmers.

Moreover, IFFCO has been Planted in the following locations spread across India -