Question : Which institution is responsible for the promotion and development of agricultural marketing cooperatives in India?
Option 1: Small Farmers Agribusiness Consortium (SFAC)
Option 2: National Cooperative Development Corporation (NCDC)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: National Horticulture Board (NHB)
Correct Answer:
National Cooperative Development Corporation (NCDC)
Solution : The correct answer is (b) National Cooperative Development Corporation (NCDC).
The National Cooperative Development Corporation (NCDC) is responsible for the promotion and development of agricultural marketing cooperatives in India. It provides financial assistance and support to various cooperatives, including agricultural marketing cooperatives, to enhance their capabilities and promote their growth.
NCDC offers financial resources, technical assistance, training, and other support services to cooperatives involved in agricultural marketing activities. It aims to strengthen the cooperative movement in India and contribute to the overall development of the agricultural sector.