Explain co-operative marketing societies

indian-economy
cbse

#1

These societies have been set up to improve agricultural marketing, The farmers make such societies themselves. In 1964, National Agricultural Co-operative Marketing Federation of India or NAFED was set up. The main objective of NAFED was to establish the co-ordination among co-operative societies. These societies have made much progress in the states of Punjab, Haryana, Maharashtra, Uttar Pradesh etc. The farmers get the following benefits from them :
(i) Free from intermediaries.
(ii) Reasonable price of the produce and loans on cheap rate of interest.
(iii) Storage facilities
(iv) Free from exploitation