NAFEX Portal: The wait is over. Minister of Cooperation, Amit Shah, inaugurated the auction website nafex.in of the National Agricultural Cooperative Marketing Federation of India (NAFED). He highlighted that NAFED has introduced four new ventures in the form of nafex.in, Drishti, ERP, and NAFED Kalyan.
Shah mentioned the remarkable turnaround of NAFED from facing a shutdown in 2014 to now supporting 7.4 million farmers nationwide, generating a profit of Rs 500 crore and a turnover of Rs 30,000 crore. In 2014, NAFED was in dire financial straits, but with support from the Indian government after discussions with PM Modi, it was revived and strengthened.
Reflecting on his past role as party president during NAFED’s crisis, Minister Shah expressed plans for the Ministry of Cooperation to ensure that pulses are procured directly from farmers rather than through intermediaries in the next two years, ensuring direct benefits for farmers. This streamlined approach is expected to boost pulse cultivation and lead to self-sufficiency in pulses for the country.
#WATCH | Delhi: Union Home Minister and Minister of Cooperation Amit Shah launches NAFED’s auction portal ‘NAFEX. in’
He says, “…NAFED, which was on the verge of shutting down in 2014, has now, through these very measures, achieved a turnover of Rs 30,000 crore and a profit of… pic.twitter.com/XkuR7WYJ1U
“>June 23, 2026
Shah emphasized the need to expand the existing infrastructure for procuring from farmers down to the grassroots level and stressed the importance of NAFED working diligently and transparently to achieve its objectives. He paid homage to Dr. Shyama Prasad Mukherjee, noting the significance of June 23rd, the day Mukherjee sacrificed his life advocating for one constitution, one flag, and one leader to uphold national unity. Shah praised Mukherjee’s selfless dedication to the country’s integrity and his impactful contributions as a fearless leader who fought for the nation’s unity against colonial rule.
Shivraj Singh Chouhan praised the technology-based system
Speaking at the event, Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan stated that agricultural production in the country has increased significantly over the past decade. He praised the teams from NAFED and the National Cooperative Consumer Federation of India (NCCF), saying that the use of modern technology is making the procurement process more transparent and farmer-friendly. He added that with the help of the new portal, farmers are receiving payments directly into their bank accounts within 48 hours.
NAFED launched several digital platforms
Amit Shah also launched several digital and farmer-centric NAFED initiatives during the event. These include the NAFED-KALYAN scholarship for farmers’ children, the DRISHTI portal for pulses and oilseeds stock management, and the ERP portal for better management. These digital initiatives aim to strengthen cooperative institutions, increase transparency, and provide better services to farmers through technology.