AGM adopts Rs 1474 cr Revenue Budget, Rs 52 cr Capital budget for 2024-25
THIRUVANANTHAPURAM, 25 December 2024: The annual general body meeting (AGM) of Milma’s Thiruvananthapuram Regional Cooperative Milk Producers’ Union (TRCMPU), held here today, announced an additional price of INR 15 per litre of milk procured from farmers affiliated to the cooperative societies under it.
The 38th AGM of TRCMPU, presided over by Chairman Smt Mani Viswanath, also announced a cattle feed subsidy of Rs 200 per bag.
The AGM adopted INR 1474-crore Revenue Budget and INR 52 crore Capital Budget for 2024-25 financial year, besides approving amendments to certain rules of TRCMPU.
With this increase in price, coming into effect from November this year, the procurement price of milk will go up to Rs. 59.98 per litre, Smt Viswanath announced at the AGM. Of this, INR 10 will go to farmers, INR 3 to the societies and INR 2 will be converted as the farmers’ share in the Union.
This is the highest ever increase in procurement price in the history of Milma, for which INR 13 crore has been earmarked.
After the present board of directors assumed charge in December 2023, additional price totaling of INR 20 crore had been provided. Also, cattle feed subsidy at the rate of INR 100 per bag has been provided since then.
Members of 831 milk cooperative societies affiliated to TRCMPU attended the AGM, which was also a record.
The amendments to the rules were adopted by the meeting unanimously.
Participating in the discussion, members hailed the welfare schemes launched by TRCMPU such as Ksheerasumangali, Ksheerasoubhagya and Santhvanasparsham.
