The annual general meeting of the Kerala Milk Marketing Cooperative Federation (branded as Milma) approved the growth-oriented budget for 2023-24, pegging revenue at Rs 68,050 crore and expenditure at Rs 67,928 crore, which is expected to There was a surplus of Rs 1.22 lakh for the current financial year.
The AGM also passed resolutions covering a wide range of key issues related to the milk industry in the state. The budget also makes provision for Milma’s cattle feed plants at Pattanakkad and Malampuzha, Central Products dairy plant at Alappuzha and head office expenses, besides making provision for initiatives to ensure remuneration returns to farmers and enhance productivity.
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The surplus budget will certainly help Milma overcome challenges moving forward and achieve further growth. The Annual General Meeting also provided an overview of the dairy industry scenario and made fruitful recommendations to strengthen the ecosystem by increasing productivity and attracting youth into dairy farming, besides identifying realities that need to be addressed with support from the state and central governments question. Chairman KS Mani said.
The meeting pointed out that the brand repositioning initiative initiated by KCMMF has made a huge contribution to the growth of Milma product sales.
However, the meeting believed that given the sharp decline in milk purchases, in addition to launching plans to attract the younger generation, effective measures need to be taken to increase productivity and reduce input costs with the support of the government and relevant agencies. dairy industry.
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The AGM also passed resolutions seeking comprehensive insurance for all dairy cows and a scheme to offset interest on bank loans for farmers to purchase livestock.
The meeting also passed resolutions covering a wide range of issues such as reforming licensing regulations for dairy activities, exemption from GST and audit fees for dairy products and exemption from income tax for milk cooperatives.
The meeting also sought central financial support for silage, green fodder and corn cultivation, and the inclusion of dairy farming under the employment guarantee scheme.
