Amit Shah launches NAFED's e-auction portal NAFEX.in and three other initiatives in New Delhi
Union Minister of Cooperation Amit Shah launched NAFED's e-auction portal NAFEX.in, along with DRISHTI, ERP and NAFED Kalyan, in New Delhi on 23 June 2026.
Summary
Union Home Minister and Minister of Cooperation Amit Shah launched four initiatives of the National Agricultural Cooperative Marketing Federation of India (NAFED), namely the e-auction portal NAFEX.in, DRISHTI, ERP and NAFED Kalyan, in New Delhi on 23 June 2026. Amit Shah said NAFED, which was on the verge of closure in 2014, now serves more than 74 lakh farmers with a turnover of ₹30,000 crore and a profit of ₹500 crore. Amit Shah added that within the next two years all farmers should be able to sell pulses directly to NAFED and NCCF, and that NAFED will earmark 1% of its profits for scholarships for children from farmer families.
Key facts
- Launched
- NAFEX.in, DRISHTI, ERP, NAFED Kalyan
- By
- Amit Shah, New Delhi, 23 June 2026
- NAFED reach
- More than 74 lakh farmers
- Turnover / profit
- ₹30,000 crore / ₹500 crore
- Scholarships
- 1% of NAFED profits
- NAFED Chairman
- Jethabhai Ahir
Practice MCQs 3 questions
Which e-auction portal of NAFED was launched by Union Minister of Cooperation Amit Shah in New Delhi on 23 June 2026?
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Correct answer: D — NAFEX.in
Amit Shah launched NAFED's e-auction portal NAFEX.in along with DRISHTI, ERP and NAFED Kalyan.
According to Amit Shah at the NAFED event on 23 June 2026, NAFED today serves how many farmers?
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Correct answer: B — More than 74 lakh
Amit Shah said NAFED serves more than 74 lakh farmers with a turnover of ₹30,000 crore and a profit of ₹500 crore.
Consider the following statements about the NAFED event on 23 June 2026: 1. NAFED will earmark 1% of its profits for scholarships for children from farmer families. 2. NAFED's current turnover was stated as ₹30,000 crore. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
Both are correct: Amit Shah said NAFED will earmark 1% of profits for scholarships and that its turnover has risen from ₹20,000 crore to ₹30,000 crore.