The cooperative behemoth IFFCO is having its Annual General Meeting(AGM) on Tuesday in New Delhi. It would be the biggest assembly of farmers ever organized in the country.
IFFCO is having more than 40 thousand cooperative societies as its members across the country and delegates from them have assembled in Delhi. Delegates are spilling out of the NCUI Guest house to IFFCO’s guest house and Sai Dham adjacent to NCUI.
Taking care of their board and lodging is no mean job but we are used to it as AGM takes place every year, said one of the officials of Iffco, assigned with the task.
Talking to Indian Cooperative Dr G N Saxena, Director of Cooperative Relation at IFFCO said that “each farmer requires at least about 25 gram of gold in marrying off his daughter. Our delegates are elected for a period of five years. Our Managing Director Shri U S Awasthi insists that in their five years of association with IFFCO farmers should get five gram of pure gold each year”. It adds up to 25 gram in a period of five years, he concluded.
“Thus we are giving 5 gram of 24 carat gold to each of our delegates”, Dr Saxena said.
The agenda of AGM does not include change in bye laws or anything of that kind. Routine ratification of the past year accounts and proposed expenditure would be passed in the AGM.