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Saturday, September 5, 2009
National Federation of Cooperative Sugar Factories Ltd (NFCSF), under the guidance of its current MD, Vinay Kumar, promotes and develops cooperatives of sugarcane growers and proVides support, services and guidance to its affiliated cooperative sugar factories and state and zonal level Federations of cooperative sugar factories for their efficient and sustained working.
A.K. Jain, financial adviser, NFCSF, said: "At present there are 249 cooperative sugar factories in operation, and most of the factories and state federations are members. Among our members, Maharashtra, Uttar Pradesh and Gujarat have the most number of cooperatives. The role of the NFCSF is to protect their interest. We arc also providing consultancy services to the member sugar factories. In case, the cooperative sugar factories are desirous of obtaining loan from the NCDC, we help them by the liasoning with them."
"The financial wing of NFCSF has been helping new cooperative sugar factories and expansion projects in obtaining term loans from central financial institutions, preparing of feasibility and project reports, cash flow, etc. The financial wing also prepares memoranda for submission to Commission for Agricultural Costs & Prices (CACP) and Bureau of Industrial Costs and Prices (BICP) for fixation of minimum sugarcane price and levy sugar price, so that the interest of the sugarcane farmers arc taken care of. This is very exhaustive work, done after collection and compilation of data from factories. The wing also looks into the credit, excise and taxation problems of the member factories to ensure smooth functioning of the factories."
The volume of work handled by the technical cell of NFCSF can be gauged by the fact that since its establishment in 1977, as many as 160 new cooperative sugar factories have been set up and 70 cooperative sugar factories have availed of its services for expansion purpose. Besides NFCSF has also undertaken rehabilitation packages for 24 sick cooperative sugar mills of the country. In addition to above, 13 numbers DPR for optimization / rehabilitation-cum-modernisation and balancing of the sugar factories, 4 Detailed Project Reprt for new sugar factories, 3 DPR for cogeneration and 3 DPR for ethanol projects have been prepared. In case of working sugar factories, the cell has prepared projects for modernisation/expansion schemes, improvement
A.K. Jain, financial adviser, NFCSF, said: "At present there are 249 cooperative sugar factories in operation, and most of the factories and state federations are members. Among our members, Maharashtra, Uttar Pradesh and Gujarat have the most number of cooperatives. The role of the NFCSF is to protect their interest. We arc also providing consultancy services to the member sugar factories. In case, the cooperative sugar factories are desirous of obtaining loan from the NCDC, we help them by the liasoning with them."
"The financial wing of NFCSF has been helping new cooperative sugar factories and expansion projects in obtaining term loans from central financial institutions, preparing of feasibility and project reports, cash flow, etc. The financial wing also prepares memoranda for submission to Commission for Agricultural Costs & Prices (CACP) and Bureau of Industrial Costs and Prices (BICP) for fixation of minimum sugarcane price and levy sugar price, so that the interest of the sugarcane farmers arc taken care of. This is very exhaustive work, done after collection and compilation of data from factories. The wing also looks into the credit, excise and taxation problems of the member factories to ensure smooth functioning of the factories."
The volume of work handled by the technical cell of NFCSF can be gauged by the fact that since its establishment in 1977, as many as 160 new cooperative sugar factories have been set up and 70 cooperative sugar factories have availed of its services for expansion purpose. Besides NFCSF has also undertaken rehabilitation packages for 24 sick cooperative sugar mills of the country. In addition to above, 13 numbers DPR for optimization / rehabilitation-cum-modernisation and balancing of the sugar factories, 4 Detailed Project Reprt for new sugar factories, 3 DPR for cogeneration and 3 DPR for ethanol projects have been prepared. In case of working sugar factories, the cell has prepared projects for modernisation/expansion schemes, improvement
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