: Telangana: FPC, SHGs make ‘red hot’ profits #IndiaNEWS #Business Hyderabad: Generating nearly Rs.40 crore turnover in just 50 days could be a challenging task even for established businesses but

Telangana: FPC, SHGs make ‘red hot’ profits #IndiaNEWS #Business
Hyderabad: Generating nearly Rs.40 crore turnover in just 50 days could be a challenging task even for established businesses but not for Sirivennela, a Farmer Producer Company (FPC) from Khammam district.
A group of women members from different mandals in Khammam district has left many awestruck when they earned a profit of Rs.98 lakh as commission through sale of chillies this season.
There are nearly 2,200 members in the FPC and in the last couple of months, the company managed to sell 2,148 metric tonnes of premium variety Teja chillies, which are predominantly cultivated in Khammam and Mahabubabad districts.
All this was not simple for the women. They had to do a lot of travelling, meet top officials in the district and convince the farmers to sell their produce.
To begin with, the women approached a corporate company, which was interested in buying the Teja variety chillies. After getting assurance from the company, the women explained to the farmers about the company’s requirements in terms of quantity and quality.
The farmers were also assured about the best price for their stocks and payment within two days. Initially, they were skeptical but eventually they got confidence, FPC president Swarna Krishnaveni said.
“This year the target is to generate Rs.100 crore turnover. We plan to procure turmeric, maize, red gram and others crops,??? she said.
Why do farmers sell their produce to FPC members
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