Sri Satya Sai Raithu MAC Fed Ltd. Receivable Report and P&L

Farmveda’s vision is to raise farmer incomes substantially on a large scale, by supporting Farmer Producer Companies which bring together over 36,000 farmers from regions where there is little rainfall or no irrigation. The focus is on wholesale commodity marketing of farm produce like groundnut, soya, toor dal, cotton and mangoes; as well as to create the marketing channel through which farmers cooperatives can reach out to the marketplace with value-added products and command the incremental profits.

                                                                      

Farmveda works in tandem with the Centre for Collective Development (www.ccd.ngo), a non-profit initiative and a sister concern of Farmveda, which assists the cooperatives with economic consultancy and inputs on upgrading farming practices and technology to achieve better and consistent farm output. CCD currently works in two districts of Andhra Pradesh i.e. Anantapur and Chittoor and one district of Telangana i.e. Adilabad. The cooperative movement is slowly spreading to other states as well such as Maharashtra, Chhattisgarh, Madhya Pradesh etc.

Below is the profit and loss account for the period 01-04-2020 to 25-11-2020 of the Sri Satya Sai Raithu MAC Fed Ltd. working in Anantapur district. Anantapur is the second driest district in the country. It receives an average annual rainfall of only 381 mm, second only to Jaisalmer in the Thar Desert in Rajasthan. Our farmers here primarily grow groundnut. Total sales of Rs 4.74 crores and net profit of Rs 13.12 lakhs was recorded during this period.