THIRUVANANTHAPURAM:
Milma will be organising regional workshops of its dealers to carry forward the Memorandum of Under Standing it signed with Kerala State Cooperative Bank (Kerala Bank) last month, to ensure greater credit flow to the dairy sector, including farmers and dairy entrepreneurs.
As part of efforts to implement the agreement, Milma will also be collecting the details regarding its dealers across the state.
These decisions were taken by a meeting Milma federation and its three regional unions held today.
The workshops will be held either towards the end of March or early April.
Officials of the Kerala Bank, the Department of Industries & Commerce, Kerala Khadi & Village Industries Board, Dairy Development Department, Scheduled Caste-Scheduled Tribes Development Corporation, State Minorities Welfare Department will also attend the workshop.
The Milma-Kerala Bank partnership envisaged a Cash Credit facility of up to Rs 1 lakh to Milma’s dealers with work experience of at least one year. As per the agreement, the three regional unions of Milma will have to provide the details regarding Milma’s dealers.
The cash credit facility will be eligible for dealers with a minimum of one year into the dealership. The volume of credit for each dealer is entitled will be decided on the basis of their stock/ turn over and the credit can be utilised only for buying and distributing Milma’s products.
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