Nafed launches Nafex.in digital auction platform; NCCF to follow with farmer-direct procurement push

Amit Shah unveiled Nafed's Nafex.in auction platform for pulses and oilseeds, alongside Drishti ERP and Kalyan Fund. NCCF will roll out a similar platform. Both cooperatives directed to procure directly from 76 lakh farmers within two years, targeting ₹50,000 crore turnover from FY25's ₹30,000 crore.

— Source publishedTue, 23 Jun, 2026, 20:45 IST·First seen Tue, 23 Jun, 2026, 20:48 IST·Source The Hindu BusinessLine

What happened

NAFED · Amit Shah launched Nafed's Nafex.in digital auction platform for pulses and oilseeds, plus Drishti ERP and Kalyan Fund. NCCF to follow with similar

Key facts

  • ₹30,000 crore FY25 turnover
  • ₹500 crore net profit
  • 76 lakh farmers
  • ₹50,000 crore target
  • 6-7 mt pulses imports
  • 15-16 mt edible oil imports

Why this matters

Scope partnership or white-label deals with Nafed/NCCF on the digital auction stack, and reassess targets in agri-fintech and FPO aggregation that could ride the 76 lakh farmer onboarding wave.

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