{"id":4549,"date":"2023-01-20T07:21:26","date_gmt":"2023-01-20T01:51:26","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=4549"},"modified":"2025-03-27T01:01:36","modified_gmt":"2025-03-26T19:31:36","slug":"what-is-the-national-level-multistate-cooperative-export-society","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-national-level-multistate-cooperative-export-society\/","title":{"rendered":"What is the National level multistate cooperative export society?"},"content":{"rendered":"<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li>The Union Cabinet, recently approved the setting up of a National Level multistate cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002.<\/li>\n<\/ul>\n<h2><strong>About National Level multistate cooperative export society:<\/strong><\/h2>\n<ul>\n<li><strong>This will be the largest of the three proposed national cooperative societies<\/strong> to be <strong>established under the Multi State Cooperative Societies (MSCS) Act, 2002.<\/strong> Other being National multi-state cooperative organic society; and national level multi-state seed cooperative.<\/li>\n<li>It will <strong>act as an umbrella organization for export of surplus goods\/services produced by various cooperative societies <\/strong>across the country.<\/li>\n<li>It will also <strong>help cooperatives in getting benefits<\/strong> of various e<strong>xport related schemes and policies.<\/strong><\/li>\n<li>The society will have an <strong>authorized share capital of \u20b92,000 crore<\/strong> with the <strong>area of operation all over the country.\u00a0<\/strong><\/li>\n<li>It will have its <strong>registered office in Delhi.<\/strong><\/li>\n<li>It will <strong>open foreign bank accounts <\/strong>and complete all the formalities, including necessary permissions for exporting a product.<\/li>\n<li><strong>Dividends will be shared with the manufacturer instantly and without any brokerage fee.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is the Multi State Cooperative Societies (MSCS) Act, 2002?<\/h3>\n<p>It is an Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operatives .\u00a0<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.thehindu.com\/news\/national\/national-export-co-operative-society-to-export-farm-non-farming-products-in-three-months\/article66408776.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>National Export Co-operative Society to export farm, non-farming products in three months<\/u><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multistate cooperative export society acts as an umbrella organization for export of surplus goods\/services produced by cooperative societies.<\/p>\n","protected":false},"author":5,"featured_media":4550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4549","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=4549"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/4550"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=4549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=4549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=4549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}