Top 10 Banks Funding India's Agricultural Growth

07-May-2024 - 0 Comments.

As India's agricultural sector undergoes a revolution, banks are emerging as key partners in its growth story. This report delves into the top 10 banks actively investing in the Indian agricultural sector, exploring their unique initiatives and highlighting the overall impact on farmers and the agricultural ecosystem.

Top 10 Global Banks Funding the Agricultural Revolution

27-Apr-2024 - 0 Comments.

As the world grapples with issues like food security and climate change, agriculture is undergoing a critical transformation. This report sheds light on the top 10 global banks actively funding the agricultural space, exploring their market capitalizations, annual turnovers, and unique initiatives in this sector.

Kerala minister Chinchurani gives away dairy awards

11-Mar-2024 - 0 Comments.

Minister for Animal Husbandry and Dairy Development Mrs J Chinchurani today gave away the awards for the Best Dairy Cooperative Societies and Best Dairy Farmers, instituted by Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU) of Milma, here.

Milma raises milk procurement price by Rs 5, offers Rs 100 cattle feed subsidy

21-Feb-2024 - 0 Comments.

In a big support to dairy farmers in four southern districts,Milma’s Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU) has increased the price of milk procured from the societies under it by Rs 5 per litre, with Rs 3 going to the dairy farmers, its Chairman Smt Mani Viswanath said on Tuesday.

TRCMPU to launch interest-free loan scheme for dairy farmers from Jan 1

22-Dec-2023 - 0 Comments.

Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU) of Milma is all set to launch an interest-free loan scheme for dairy farmers from January 1, 2024 to step up milk production and solve the shortfall in procurement.

Mrs Mani Viswanath elected as chairperson of Milma’s TRCMPU

21-Dec-2023 - 0 Comments.

Mrs Mani Viswanadh was today elected as Chairperson of Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU) after the completion of the electoral process to the regional union of Milma comprising four southern districts.

Mani Viswanath takes over as TRCMPU Administrative Committee Convener

13-Nov-2023 - 0 Comments.

Mrs Mani Viswanath recently assumed charge as the Administrative Committee Convener of Thiruvananthapuram Regional Co-operative Milk Producers Union (TRCMPU), after Shri N Bhasurangan stepped down from the post.

Milma’s 2023-24 budget anticipates INR 1.22 crore surplus

22-Sep-2023 - 0 Comments.

The Annual General Body Meeting (AGM) of the Kerala Co-operative Milk Marketing Federation (KCMMF), known by its brand name Milma recently adopted a growth-oriented budget for 2023-24 pegging the revenue at INR 680.50 crore and expenditure at INR 679.28 crore, anticipating a surplus of INR 1.22 crore during the financial year.

Probe rubbishes report of discrepancy in maize stock at Milma’s feed unit

22-Aug-2023 - 0 Comments.

A probe by a panel of experts has found as “baseless” the alleged discrepancy regarding the physical stock of maize at the cattle feed factory of Kerala Co-operative Milk Marketing Federation (KCMMF) at Malampuzha, reported over a year back.

Milma’s TRCMPU to give incentive of INR 2.50 per litre on milk procurement during Onam

08-Aug-2023 - 0 Comments.

Trivandrum Regional Co-operative Milk Producers Union (TRCMPU) of Milma has announced an incentive of INR 2.50 on each litre of milk procured from dairy farmers in four southern districts during Onam.

Milma daily milk sale crosses 16.27 lakh litres during January-May 2023

25-Jun-2023 - 0 Comments.

Based on the strength of quality and innovative marketing strategies, Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma, registered a substantial increase in sale of milk in the first five months of 2023 with the daily average crossing 16.27 lakh litres, against 15.95 lakh litres in August-December 2022.     

Milk Co-ops shouldn’t be monopolistic, need to adhere to founding ideals: Milma Chairman

04-Jun-2023 - 0 Comments.

The Chairman of the Kerala Co-operative Milk Marketing Federation (KCMMF), K S Mani, has emphasized the importance of milk cooperatives adhering to the founding ideals of the co-operative dairy movement. He called for a re-dedication to these principles, which include building a robust and strife-free dairy sector within each state while refraining from inter-state competition.

NDDB calls meet of heads of Co-op Dairy federations to sort out cross-border milk sale issue

12-May-2023 - 0 Comments.

National Dairy Development Board (NDDB) will be holding a meeting of Chairman and Managing Directors of co-operative dairy federations of the country this month to sort out the sensitive issue of cross-border marketing of liquid milk.

 Milma launches insurance scheme to offset fall in milk yield in summer

18-Apr-2023 - 0 Comments.

Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma, has launched a comprehensive insurance scheme that guarantees financial compensation for dairy farmers to offset the loss of income due to fall in milk yield during the summer.

AMUL sales turnover surpasses INR 55,055 Cr with 18.5% YoY growth

18-Apr-2023 - 0 Comments.

Gujarat Co-operative Milk Marketing Federation Ltd., which markets the popular Amul brand of milk and dairy products has registered a provisional turnover of INR 55,055 Crores for the financial year 2022-23 which ended on 31 March 2023.

Milma raises red flag over cross-border sale of milk by state federations

16-Apr-2023 - 0 Comments.

Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma, has voiced serious concern over the tendency of some state milk marketing federations to aggressively enter markets outside their respective states, holding that this involved total breach of co-operative spirit based on which the country’s dairy sector has been organised for the benefit of millions of dairy farmers.

Milma announces INR 6 hike in milk prices from Dec 1

23-Nov-2022 - 0 Comments.

Milma has decided to raise the price of milk by Rs 6 per litre from next month, considering the steady increase in the input cost and the financial difficulties of the dairy farmers, Kerala Co-operative Milk Marketing Federation (KCMMF) Chairman KS Mani said.

Cropin floats revolutionary agritech cloud platform

29-Sep-2022 - 0 Comments.

The Cropin Cloud, developed by Bengaluru-based agritech company Cropin, is an agriculture intelligence cloud that can provide data generated over the course of more than ten years and assist farmers and those involved in agribusinesses, such as suppliers, banks, and insurers, in achieving higher crop yield and quality.

TRCMPU adopts INR Rs 1,248 Cr budget for 2022-23

22-Sep-2022 - 0 Comments.

The Trivandrum Regional Co-operative Milk Producers Union (TRCMPU) unanimously adopted a budget of INR 1,248 crore for the financial year 2022-23 at its Annual General Body meeting today.

Amul commences production of organic whole wheat atta

21-Jun-2022 - 0 Comments.

Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) (Amul Federation), the largest food products organization of India has announced the launch of "Amul Organic Atta".

ThriveAgric secures USD 56m in debt funding for business expansion in African market

24-Mar-2022 - 0 Comments.

ThriveAgric, an Abuja, Nigeria-based agtech company, raised USD 56.4m in debt funding. Investors included local commercial banks and institutional investors. The USAID-funded West Africa Trade and Investment provided USD 1.75m as a co-investment grant.

Milma Chairman KS Mani elected director of NCDFI

24-Feb-2022 - 0 Comments.

K S Mani, Chairman, Kerala Co-operative Milk Marketing Federation (KCMMF), known popularly by its brand name Milma, has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in the country.

Milma’s TRCMPU approves INR 1158 budget, announces incentive of INR 2 per litre on milk procurement

28-Jan-2022 - 0 Comments.

Trivandrum Regional Co-operative Milk Producers Union (TRCMPU) of Milma has announced an incentive of INR 2 on each litre of milk procured from dairy farmers in four southern districts from February 1, in view of the rise in input cost and difficulties caused by the third wave of the Covid-19 pandemic.

Financing sustainable agriculture key to address climate change vulnerability: CFA Institute report

25-Nov-2021 - 0 Comments.

CFA Institute, the global association of investment professionals, has called for a concerted effort from Indian Banks, Venture capital (VC) investors, multilateral development institutions, and Indian policymakers, towards catalysing private capital for sustainable agriculture.

Amendments to co-op Act; leadership changes in dairy sector inevitable, says Bhasurangan

17-Nov-2021 - 0 Comments.

The Thiruvananthapuram Regional Cooperative Milk Producers’ Union (TRCMPU) has scheduled a general body meeting on December 9 to effect changes to bylaws as mandated by the recent amendment to the Kerala Co-operative Societies Act, and set in motion the process of electing the new board of directors.

Milma’s Malabar Union to launch medicare scheme for dairy farmers’ children

29-Jun-2021 - 0 Comments.

The Malabar Regional Co-operative Milk Producers’ Union (MRCMPU) under Milma is launching a scheme from the coming month, providing financial assistance for the treatment of its dairy farmers’ children diagnosed with type-1 diabetes.

Amul chief receives Asia Pacific Productivity Champion award

12-Jun-2021 - 0 Comments.

Dr. R S Sodhi, Managing Director, Gujarat Co-operative Milk Marketing Federation Limited (Amul) has been awarded with the prestigious Asian Productivity Organization (APO), Tokyo, Japan regional award.

Amul installs micro ATM to pay dairy farmers at their doorsteps

09-Jun-2021 - 0 Comments.

In order to provide payment for procuring dairy farmers milk, India's largest dairy co-operative, Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) popularly known as Amul has installed first Micro ATM payment center at doorstep of milk producer members.

National Cooperative Development Corporation, NAFSCOB join hands for capacity development of cooperative banks

17-May-2021 - 0 Comments.

To give further boost to the MoU between National Cooperative Development Corporation (NCDC) and National Federation of State Cooperative Banks Ltd (NAFSCOB), the dedicated training academy for cooperatives, the Laxmanrao Inamdar National Academy for Cooperative Research and Development (LINAC) launched a five-day online training programme on Project Formulation and Appraisal Techniques.

IFFCO enters into urban gardening business with new product range

20-Jul-2020 - 0 Comments.

Co-operative giant IFFCO subsidiary, AquaGT has announced that it has forayed into urban gardening by product range to assist the urban enthusiasts with useful, effective and easy to use products, under the brand name of IFFCO Urban Gardens.

Amul consolidated turnover crosses INR 52,000 cr during 2019-20 FY

19-Jul-2020 - 0 Comments.

India’s largest milk co-operative, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) and its constituent member unions which markets the Amul brand of milk and dairy products has registered a consolidate turnover of INR 52,000 crore during the fiscal year ended 31 March 2020.

Cabinet approves short term loans repayment for agriculture, allied activities till August 31

01-Jun-2020 - 0 Comments.

The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its approval to extend repayment date up to 31 August 2020 for Standard Short-Term loans up to INR 3 lakh advanced for agriculture and allied activities by banks.

India gives benefits to farmers on crop loan repayments due to Covid-19 lockdown

31-Mar-2020 - 0 Comments.

In the wake of lockdown due to ongoing Covid-19 pandemic, the Government has extended the benefit of 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers up to 31st May, 2020 for all crop loans up to Rs.3 lakh

CMFRI joins hands with Korampadam Co-operative Bank to promote cage fish farming

01-Mar-2019 - 0 Comments.

In a major effort which is beneficial to hundreds of families in Kadamakkudy panchayat, the Central Marine Fisheries Research Institute (CMFRI) has partnered with the Korampadam Service Co-operative Bank, Kothad to promote cage fish farming in the backwaters of the panchayat

Cabinet approves interest waiver of two months for farmers on crop loans from Cooperative Banks

27-Jan-2017 - 0 Comments.

The Union Cabinet chaired by the Indian Prime Minister, Narendra Modi has given its ex-post facto approval for interest waiver for the two months of November and December, 2016 for farmers accessing short term crop loans from Cooperative Banks.

Government ask Amul to open bank accounts of every milk producers by Jan 2017

27-Dec-2016 - 0 Comments.

In order to bring all dairy farmers in the banking channel, central government has asked the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) owner of country's largest dairy co-operative, AMUL to open bank accounts of all Milk producers/farmers by December 30, 2016.

Agri ministry sign MoU for organic farming on Ganga banks

In order to increase organic farming in the country, Indian agriculture ministry has signed a memorandum of understanding (MoU) with the Ministry of Water Resources, River Development and Ganga Rejuvenation for promoting organic farming on the banks of river Ganga.

Kribhco to set up fertilizer plant with Morocco firm

22-Oct-2016 - 0 Comments.

India’s fertiliser co-operative, Kribhco has announced that they are entering into a 50:50 joint venture to develop a large-scale greenfield NPK fertilizer plant in Krishnapatnam, Andhra Pradesh, India.

India to promote organic farming on Ganga river banks

06-Oct-2016 - 0 Comments.

New Delhi: The Ministry of Agriculture & Farmers Welfare today here signed a Memorandum of Understanding (MoU) with Ministry of Water Resources, Water Development and Ganga Rejuvenation to promote organic farming on the banks of river Ganga.

Odisha Dairy Co-operative awarded ISO 22000:2005 certification

02-Aug-2016 - 0 Comments.

The MS Certification Services has granted International Organization for Standardization (ISO) 22000:2005 Certificate to the Bhubaneswar Dairy, Chandrasekharpur recently through its accredited agency under the assistance of the Institute of Quality and Environment Management Services Pvt Ltd.