Q. With reference to the Cotton Corporation of India (CCI), consider the following statements:
1.It purchases cotton from farmers at minimum support price (MSP).
2.It operates under the administrative control of Ministry of Textiles.
3.It is also responsible for promoting cotton exports.
How many of the statements give above are correct?
Explanations –
Statements 1, 2 and 3 are correct. The Cotton Corporation of India (CCI) is the nodal agency responsible for purchasing cotton from farmers at the MSP when market prices fall below the government-declared support price. The corporation operates without any quantitative limits during these support operations, ensuring that all eligible farmers can sell their cotton at MSP. To enhance transparency in the cotton value chain, CCI introduced the Bale Identification and Traceability System (BITS) using blockchain technology. It launched the Kasturi Cotton program, which aims to promote premium-quality Indian cotton with traceability. CCI is part of a broader initiative called the Cotton Mission. It operates under the administrative control of the Ministry of Textiles, Government of India. It also plays a role in ensuring a steady supply of quality cotton to the textile industry, which contributes significantly to India’s exports.
Source: The Hindu
