National Cooperative Organics Limited has been registered on 25th January, 2023 under the Multi-State Co-operative Societies Act, 2002 with the approval of Union Cabinet and notified as a National Co-operative Society on 21st March 2023 by the Central Government under the ibid Act.
Promoted by prominent organizations of the country like NDDB, NAFED, GCMMF (Amul), NCCF and NCDC, the NCOL has resolved to extend quality, transparent and improved services to the entire nation through its member co-operatives and active member participation as per this CHARTER so as to realise the Hon’ble Prime Minister’s vision of ‘Sahakar se Samriddhi’.
The establishment of the NCOL as an umbrella organization for aggregation, procurement, certification, testing, branding and marketing of organic products of co-operative sector with support from relevant ministries of the Government is a significant step towards realizing the vision of "Sahakar se Samriddhi" and strengthening the cooperative movement in India.
To act as an umbrella organization for cooperatives to promote organic products and develop a competitive and profitable organic value chain, an initiative that can indeed support sustainable living for consumers and provide essential assistance to farmers. Realizing that embracing organic practices is essential for environmental well-being and healthier lifestyles, take key actions to promote organic farming for sustainable future.
Any society registered under the State Cooperative Societies Act or the MSCS Act will be eligible to become member of the NCOL provided such member society is committed to the promotion of organic farming and conforms to the membership provisions as contained in the bye-laws of NCOL. Farmers Producers Organisations (FPOs) registered under any Co-operative Act can also become members of NCOL.
Membership will cover all existing and potential organic co-operative farm clusters across India
Members will be entitled to voting rights, services, and other privileges as contained in the bye-laws. The members will be benefitted both by realization of better prices through selling their goods and services and also by dividend distributed out of the surplus generated by the society. NCOL will pass on up to 50% of net surplus to the member cooperatives in proportion to their business participation.
Ensuring good governance within the Board of Directors is crucial for maintaining financial and administrative discipline, transparency, professionalism, and accountability. It's essential to strike a balance between these principles and the cooperative values of autonomy and independence, which are at the core of cooperative organizations. Effective governance will help NCOL fulfilling its responsibilities and serve members and communities efficiently.
The members, directors, and employees of the NCOL shall abide by the Co-operative Principles and adhere to the Guidelines and ethical standards to ensure institutional and individual integrity, transparency and fair practices.
Amendments to the charter may be carried out to meet the changed requirements of time without compromising the core values and principles of cooperation in conformity with MSCS Act 2002 as amended from time to time.