Why in news?
IFFCO, a leading fertilizer cooperative body under the Ministry of Chemicals and Fertilizers, is playing a vital role by helping Government to combat COVID-19 pandemic and mitigate the impact of the outbreak.
Ministry has said that Fertilizer companies are already working with full capacity to supply adequate quantity of fertilizers to the farming community for upcoming Kharif season.
- IFFCO is large scale fertiliser cooperative federation in India which is registered as Multistate Cooperative Society.
- It is one of India’s biggest cooperative society which is wholly owned by Indian Cooperatives.
- It was founded in 1967 with just 57 cooperatives and at present it has amalgamation of over 36,000 Indian Cooperatives with diversified business interests ranging from General Insurance to Rural Telecom apart from its core business of manufacturing and selling fertilisers.
- IFFCO’s main Aim is to augment the incremental incomes of farmers by helping them to increase their crop productivity through the balanced use of energy efficient fertilisers; maintain the environmental health; and to make cooperative societies economically and democratically strong for professionalised services to the farming community to ensure an empowered rural India.