VAPCOL was registered under the Section 581-A of the Companies Act, 1956 on July 2004.There are 15 Cooperatives operating in Gujarat, 28 Farmer Organisations operating in Maharashtra and 12 Producer Groups from other States (namely Madhya Pradesh, Uttar Pradesh, Chhattisgarh, and Rajasthan) who are members of VAPCOL. These are Cooperatives, SHG federations or unregistered producer groups. VAPCOL has allowed the member institutions to grow on their own so as to enjoy independence and autonomy.
The basic information on the organization is as below:
|#||Particulars||Details (As on march 31, 2019)|
|1||Membership: Farmer Organisations||48 (Representing about 41,000 farmers)|
Equity Share Capital (Class A):
Equity Share Capital (Class B):
To help members establish themselves on a firm footing, and conduct operations profitably and smoothly, VAPCOL has undertaken a number of measures and innovative mechanisms:
Access to working capital:
VAPCOL has accessed a working-capital credit limit of Rs 50 million from NABARD under its Umbrella Programme for Natural Resource Management (UPNRM). The amount availed (Rs 1.95-Rs 3.50 million annually so far) is loaned further to members, for procurement of cashew nuts from farmers in their area. While VAPCOL gets the loan at an interest rate of 10% per annum, members get it at the rate of 12%.
Equitable profit distribution across a multiple commodity base:
To ensure that members get an equitable share in profit, according to the variable profits obtained from sale of different commodities, VAPCOL maintains commodity-wise partitioned records of procurement and sale. This enables fair and transparent calculation of commodity-wise profitability, and distribution of commodity-wise patronage bonus to members.
Equitable profit sharing among members at different stage in the value chain: Procurement of semi-processed produce by VAPCOL from its members at different stages in the value chain generates profits at VAPCOL in inverse proportion to the value of procurement. Hence, VAPCOL introduced a more equitable system of calculating patronage bonus on the basis of a “rectified value” of procurement linked to profit accrual at VAPCOL.
Mechanism for managing assets given to unregistered members:
An innovative mechanism has been created for proper use of assets, such as machinery and implements, acquired for the benefit of unregistered members, through grants received by BAIF or its associate organizations. The assets and grants were transferred to VAPCOL’s account, with the grant (value of assets) treated as the unregistered members’ equity contribution. As this contribution could not be treated on par with paid-up equity, a category of Class B shares was created. Holders of these shares are entitled to dividend at a fixed percentage (1%). Beneficiary members were trained to manage and generate income by hiring out the machinery or implements. The members pay VAPCOL a service fee for use of the assets. The fee compensates for the depreciation loss VAPCOL suffers on account of the assets being on its books. Thus, a win-win situation has been legitimately created for all the entities concerned.
|Fresh Fruits||Kesar and Alphonso Fresh Mangoes in the season.|
|Pickles, Preserves||Mango Pickle, Sweet Mango Pickle, Lemon Pickle, Sweet Lemon Pickle, Methiya Pickle, Mixed Pickle, Karvanda Pickle, Chilly Pickle, Mango Chhunda, Mango Jam, Mixed Fruit Jam and Strawberry Jam, Amla Syrup, Amla Juice, Mango Crush, Mango Syrup, Strawberry Syrup, Kokam Syrup.|
|Pulp and Bars||Alphonso and Kesar Mango Pulp (Aamras), Mango Slice, Amla Candy.|
|Dry Fruits||All grades of Cashew Kernels, Salted, Chilly coated and Pepper Coated Cashew Diet Nuts.|
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