Tiruchirapalli

Agricultural societies rake in profits

The Kallakudi Primary Agricultural Co-operative Society (PACS) in Tiruchi district has achieved a net profit of Rs.26.18 lakh for the year 2009-2010, said A.Renukadevi, special officer of the society, at the 43{+r}{+d} annual meeting of the society, on Thursday.

The special officer said that the society had been functioning with 3,450 members with a share capital of Rs.22.78 lakh and a deposit of Rs.4.43 crore and pointed out that the society had been serving the farming community for the past 43 years. She said that the society had advanced Rs.8.75 crore as jewel loan during 2009-2010. The society has declared a dividend of 14 per cent and paid Rs.2.15 lakh to its members.

Similarly, the Thuraiyur Agricultural Producers Co-operative Marketing Society has achieved a net profit of Rs.8.43 lakh for the year 2009-2010. This was disclosed at the 51{+s}{+t} annual meeting of the society by Manivannan, special officer of the society. He said that the society was functioning very well with 3,621 members with their share capital of Rs.19.84 lakh. The society procured Rs.10.12 crore worth of agricultural produce and sold it for Rs.10.48 crore. The society has also declared a dividend of 14 per cent to its members.

The Koogur Primary Agricultural Co-operative Society in Lalgudi taluk has earned a net profit of Rs.1.04 lakh for the year 2009-2010, said Krishnasamy, special officer of the society on Thursday. He said that the society had been working for the welfare of the farming community and was functioning with 753 members who had paid a total share capital of Rs.10.06 lakh. The society has also advanced Rs.64.87 lakh as crop loan to the farmers. A dividend of five per cent has been paid to its members, he said.

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Printable version | Sep 28, 2020 1:41:09 AM | https://www.thehindu.com/news/cities/Tiruchirapalli/agricultural-societies-rake-in-profits/article2216017.ece

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