In a written reply in Lok Sabha, Union Home and Cooperation Minister Amit Shah said the Bhartiya Beej Sahkari Samiti Limited (BBSSL) has launched an intense membership drive and so far 11,713 cooperatives from across the country have become its member.
“BBSSL will register farmer members of these cooperatives, who are interested in production of quality seeds, through online application and thereafter engage them in various activities of production of quality seeds”, he added.
Shah further said, “The activities of BBSSL will help in achieving the goal of “Sahakar-se-Samriddhi” through the inclusive growth model of cooperatives where the members would benefit both by realization of better prices by production of quality seeds, higher production of crops by use of High Yielding Variety (HYV) seeds and also by dividend distributed out of the surplus generated by the society”, he said.
“Ministry of Cooperation has set up Bhartiya Beej Sahkari Samiti Limited (BBSSL) under the Multi-State Cooperative Societies (MSCS) Act, 2002. The BBSSL is promoted by IFFCO, KRIBHCO, NAFED, National Dairy Development Board (NDDB) and NCDC”, Shah informed.
The initial paid up capital of BBSSL is Rs 250 Cr with contribution of Rs. 50 Cr each by the five promoters and authorized share capital is Rs. 500 Cr.