Kamareddy: Under the leadership of its Chairperson, Nita Ambani, Reliance Foundation has mentored Kamareddy Progressive Farmers Producer Company Limited (KPFPCL) to achieve new milestones since its inception in 2009. In 2018-19 KPFPCL’s turnover reached a record Rs. 5.89 Crores, a 9% growth compared to last year. Currently there are 2,213 shareholders and a paid up capital of Rs.0.2 Crores.
A press release said that establishment of Farmer Producer Companies (FPCs) is one of the key interventions of Reliance Foundation. The FPCs are part of RF’s effort to strengthen the value chain of farm produce, enhance marketability, help the marginal farmers and livestock owners realise better prices and thus, achieve income security. Reliance Foundation helps train farmers to independently manage these companies in the long term. Since its inception in 2010, RF has formed 22 FPCs to empower farmers across 12 states. In 2018-19, the companies altogether have transacted farm and non-farm produce worth over 25.3 Crores benefitting 19,200 families, raising farmers’ incomes significantly and augmenting the farmers’ ability to govern their own institutions effectively.
The last five years have seen a steady increase in the turnover. In 2015-16, the turnover was Rs.0.96 Crores. 2018-19 saw a six-fold increase to Rs.5.89 Crores.
Empowered with its success so far, KPFPCL is setting its goals high. By 2025 it aims to have 10,000 shareholders, a turnover of Rs.50 Crores and Rs.5 Crores additional value creation to members each year.(NSS)
