The Hindu Business Line : GCC aims at Rs 160-cr turnover

THE Girijan Co-operative Corporation Ltd (GCC) here is aiming at a business turnover of Rs 160 crore during the current financial year through procurement of minor forest produce and agricultural produce, sales of essentials, provision of short-term farm loans, recovery of loans and retail sales.

After releasing the annual plan for the year, Ms Chaya Ratan, Principal Secretary, Tribal Welfare, said at a press meet here recently that the GCC was aiming at a turnover of Rs 24 crore from procurement of minor forest produce and agricultural produce. She said the corporation would supply essentials to the tune of Rs 59 crore and influence the consumer market in the tribal areas through promotion of sales of other products to the extent of Rs 58 crore. GCC would provide Rs 4 crore to the tribal farmers in the form of loans and it had set itself the loan recovery target of Rs 5 crore. Through retail marketing, GCC plans to earn Rs 10 crore.

During 2003-2004, she said the corporation had exceeded all targets by purchasing minor forest produce worth Rs 18.22 crore (Rs 16.50 crore), selling essentials worth Rs 54.72 crore (Rs 43.50 crore) and other products worth Rs 42.50 crore (Rs 40 crore), disbursing farm loans to the extent of Rs 2.5 crore (Rs 2.5 crore) and recovering Rs 3.08 crore (Rs 2.5 crore). The retail sales amounted to Rs 5.81 crore against a target of Rs 5 crore. The total business turnover was Rs 126.87 crore. Ms Chaya Ratan said the corporation's expenditure amounted to Rs 20 crore and the Government was only providing grants of Rs 11 crore.

The GCC was meeting the rest out of its own internal resources. The GCC had implemented voluntary retirement scheme and reduced the staff by 400, saving Rs 3.5 crores per annum.

Answering questions, Mr G. Vidyasagar, Managing Director, said there was great demand for the honey being sold by the GCC but production was not enough due to unfavourable climate in the tribal areas last year.

The demand for honey was of the order of 4,000 quintals but the production was not even half of that. He said the corporation had managed to liquidate its tamarind stocks and after a period of glut the demand was picking up.

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GCC aims at Rs 160-cr turnover