National Agricultural Cooperative Marketing Federation Limited

Recently, Bihar government has taken an initiative to help traders and farmers by selling Kashmiri apples through Biscomaun (Bihar State Cooperative Marketing Union Limited) and NAFED (National Agricultural Cooperative Marketing Federation Limited) at lower prices than the market. Consider the following statements about the NAFED:

1. National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED), established in 1968, is registered under the Multi State Co-operative Societies Act.
2. It is the nodal agency to implement price stabilization measures under "Operation Greens" which aims to double the farmers' income by 2022.