Bhupender Yadav, Union minister for Environment, Forest and Climate Change, made the announcement in New Delhi. File

Union Cabinet approved three new cooperative societies, Union minister Bhupender Yadav said during the Cabinet Briefing held in New Delhi. These societies will focus on exports, seed availability, and organic farming to benefit farmers.

The meeting of the Cabinet Committee on Economic Affairs, (CCEA), which was headed by Prime Minster Narendra Modi, resulted in a decision.

“Cooperatives that have a connection with farmers, their income, and agricultural production are an important part in rural India.” Three major decisions were made today by the Cabinet in the field cooperatives,” stated Mr. Yadav.

He stated that the Cabinet approved establishment of the National Export Society, National Cooperative Society for Organic Products, and National Level Multistate Seed Cooperative Society.

He stated that these cooperative societies will be instrumental in realizing the vision of Sahakar Se Samriddhi (prosperity through cooperatives), as well as boosting rural growth and farmers’ income.

The Cabinet also approved an incentive plan with an outlay in excess of Rs2,600 crore for digital payment sector promotion.

The National Centre for Drinking Water, Sanitation & Quality in Kolkata has been renamed as Dr. Syamaprasad Mukherjee National Institute of Drinking Water and Sanitation.

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