Introduction to IFFCO
IFFCO is the acronym for Indian Farmers Fertilizer Cooperative Limited, It is a multi-state cooperative society that is involved in the manufacturing and marketing of fertilizers at a large scale.
India is an agricultural country and the agricultural sector has a share of approximately 14.65% which makes it an important aspect when it comes to the development of the country. IFFCO plays an important role in boosting this sector’s economy by providing fertilizers to farmers across the county to ensure higher crop productivity and growth.
More About IFFCO
IFFCO is India’s largest multi-state cooperative society that is entirely owned by Indian cooperatives and its headquarter is based in New Delhi, India.
It was founded in 1967 with 57 members and has now become one of the biggest co-op and the largest fertiliser manufacturer in the country with nearly 29% market share in complex fertilisers and 19% market share in Urea. With a turnover of nearly ₹27,852 Crores (in 2018-2019), IFFCO has managed to increase food grain production by utilising countless cooperative outlets and farmer service centres for distribution across states.
Mission of IFFCO
Like every major cooperative out there, IFFCO also has certain aims and goals that it wants to achieve and help make the world a better place for others. Here’s a list of ways in which IFFCO aims to contribute to the country’s growth and prosperity:
To provide quality fertilizers to farmers across the country in a fast and timely manner
To product and manufacture fertilizers in an eco-friendly manner to conserve energy and
resources
To gather and make use of advanced cost-effective and eco-friendly technologies for faster progress
Functions of IFFCO
IFFCO contributes to the growth of the country by ensuring a timely supply of high-quality agricultural services and products like fertilizers. Here are some functions which are performed by the IFFCO:
Provides veterinary services and provides better sanitation facilities in villages.
IFFCO also helps farmers to earn more through side income through farm-based programmes like bee-keeping, dairy, etc.
Boosting the economy and social development of the rural areas by ensuring they get paid handsomely.
Funding and maintaining soil testing labs that can be mobile or stationary, thereby ensuring better knowledge and study of the different types of soils across the country.
-
- Ensures timely supply of high-quality fertilizers to all the farmers of the country.
