BEMUL President and MLA Balachandra Jarkiholi announced a landmark life insurance scheme for families of dairy farmers supplying milk daily to cooperatives.
Belagavi
“It has been decided to provide a life insurance benefit of 21 lakh to the families of dairy farmers who supply milk to milk producers’ cooperatives on a daily basis,” announced BEMUL President and MLA Balachandra Jarkiholi.
Speaking while presiding over the annual general meeting of the Belgaum District Cooperative Milk Producers’ Union for the year 2024-25 held in the city, he said, “Insurance facilities will also be provided to the 35,000 milk producer members who supply milk to the union at a subsidy of 75 percent. The implementation of this new scheme will cost the union about 250 lakh to Rs 60 lakh annually.”
“About 2 lakh liters of milk are being collected daily from about 609 associations under the union, and it is planned to increase this to 3 lakh liters. Last year, there was a profit of about 13 crore, and 60 percent of this profit is being given to farmers as grants for agricultural equipment by the union. Rubber mats, fodder cutting machines, and milking machines have been distributed to farmers,” he said. He added, “This year, a hundred franchises and sales centers will be established on behalf of the union. The union’s milestone is the opening of 33 new sales centers on a single day, which happened to be Prime Minister Narendra Modi’s birthday.
Jarakiholi states, “This is the first time in Bemul’s history that we have achieved a turnover of Rs 400 crore and we are aiming to achieve a turnover of Rs 500 crore in the next financial year.”
BEMUL Board of Directors Babu Katti, Mallappa Patil, Dr Basavaraj Paravannavar, Baburao Waghmode, Virupakshi Etee, Rayappa Dooga, Prakash Amboji, Mahadev Bilikuri, Sanjay Shintre, Ramesh Annigeri, Sadeppa Wari, and nominated members were present on the stage. Managing Director Dr Srikanth presented the annual report.
