IFFCO
Updated on July 18, 2023
The Indian Farmers Fertiliser Cooperative Limited (IFFCO) is one of the largest cooperative societies in the world and is headquartered in New Delhi, India. It was established in 1967 with the objective of promoting the cooperative movement among farmers and ensuring the availability of high-quality fertilizers at affordable prices. IFFCO operates as a cooperative society, owned and governed by farmers themselves. Its primary focus is on the production and distribution of fertilizers, including urea, phosphatic fertilizers, potassic fertilizers, and complex fertilizers. The cooperative nature of IFFCO allows farmers to have direct participation in decision-making processes and benefit from economies of scale.
What is the relevance of IFFCO in the agricultural sector?
The cooperative model of IFFCO has been successful in empowering farmers and improving agricultural productivity in India. It follows a unique distribution system where fertilizers are made available to farmers through a vast network of cooperative societies and retail outlets known as IFFCO Kisan Sanchar Limited (IKSL) and IFFCO Kisan Seva Kendra (IKSK). This ensures the timely supply of fertilizers to farmers across the country.
In addition to its core fertilizer business, IFFCO has diversified its operations into various sectors such as general insurance, rural retail, crop protection, seeds, and farm machinery. IFFCO also focuses on promoting sustainable agriculture practices and providing education and training to farmers through its Indian Farm Forestry Development Cooperative (IFFDC) subsidiary.
IFFCO has played a significant role in the agricultural development of India and has been instrumental in ensuring the availability of essential fertilizers to farmers at reasonable prices. It has also undertaken initiatives to support farmers through various welfare programs, scholarships, and social initiatives.
