Milma will be organising regional workshops of its dealers to carry forward the Memorandum of Understanding 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.
These decisions were taken by a meeting of the Milma federation and its three regional unions held on Tuesday.
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, and 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 in the dealership. The volume of credit for each dealer is entitled and will be decided on the basis of their stock/turnover, and the credit can be utilised only for buying and distributing Milma’s products.
The workshop and collection of statistics are meant to ensure that the dealers would benefit from the scheme in a timely manner.
