Taking a cue from the Nachalur Farmers’ Produce company, one more farmers’ produce company has been launched in Karur district.
As many as 500 farmers have enlisted in the company registered under the name of Nadayanur Agricultural Producers Company Limited with a paid up capital of Rs. 25 lakh. Each of them has contributed Rs. 5,000 as share capital.
Considering the interest shown by farmers and initial services of the company, the National Bank for Agricultural and Rural Development (NABARD) has sanctioned Rs. 33 lakh towards its working capital and term loan requirements.
It has been provided with the support of Producers Organisation Development Fund (PODF) of NABARDs. It is the second producer company in the district to get the support under PODF. Direct procurement, distribution of inputs to farmers including certified seeds and fertilizers, procurement and sale of coconut shells are among the special services to be offered to farmers.
D.S. Chauhan, Deputy General Manager, NABARD, Tamil Nadu, who inaugurated an oil-extracting unit of the company on Wednesday, said it had made a good beginning within a short span of time.
He suggested that the company could go in for branding and labelling of their special products such as chemical-free sugar and oil so that it could promote sale through e-portal platform.
