New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Which ministry has set up the Bhartiya Beej Sahkari

    Samiti Limited (BBSSL)?
    A Ministry of Agriculture Correct Answer Incorrect Answer
    B Ministry of Cooperation Correct Answer Incorrect Answer
    C Ministry of Rural Development Correct Answer Incorrect Answer
    D Ministry of Commerce Correct Answer Incorrect Answer

    Solution

    Ministry of Cooperation Establishes Bhartiya Beej Sahkari Samiti Limited (BBSSL) Key Details - Formation: - Established under the Multi-State Cooperative Societies (MSCS) Act, 2002. - Promoted by IFFCO, KRIBHCO, NAFED, NDDB, and NCDC. - Financial Overview:   - Initial paid-up capital: ₹250 Crores (₹50 Crores from each promoter).   - Authorized share capital: ₹500 Crores. Objectives of BBSSL - Seed Production and Distribution: - Focus on quality seed production, procurement, and distribution under a single brand via cooperatives. - Aims to improve crop yield and preserve indigenous natural seeds.

    Practice Next

    Relevant for Exams: