Kerala Feeds to arrange loans for dairy farmers

Kerala Feeds to arr

Taking forward its aim to help the State achieve self-sufficiency in milk production, Kerala Feeds will facilitate low-interest loans for buying cows. The company’s Managing Director B Sreekumar said that the government’s allocation of Rs22 crore for dairy farmers affected by the flood calamity is insufficient to buy cattle. So Kerala Feeds is initiating a scheme in association with the State Bank of India to help farmers take loans for the deficit amount. Besides, Kerala Feeds will arrange SBI loans for aspiring dairy farmers, he said after inaugurating the Idukki district-level programme of Kerala Feeds’ Snehasparsham project meant to benefit those affected by the floods and landslides this monsoon.

The PSU expects cooperative milk societies in the district to help it locate people eligible for such loans that would not require collateral, he said. Kerala Feeds will also distribute 100 sacks of cattle feed free of cost to farmers selected by the district council comprising representatives of the Dairy Development and Animal Husbandry departments. The 1995-founded PSU’s fourth plant nearing completion in Thodupuzha of this district will add to the company’s efficiency in product distribution across hilly Idukki and neighbouring Tamil Nadu. Noting that Kerala Feeds plays an invaluable in checking the price of cattle feed in the state, he said the PSU inspects the raw materials in four stages before sending them to the plants.

Source : www.thehindubusinessline.com

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