Milma’s budget for 2023-24 is projected to have a surplus of ₹ 1.22 crore.

The annual meeting of the Kerala  Milk Marketing Association, known by the brand name Milma, approved a growth-oriented budget for 2023-24 with revenues of 680.50 million euros and expenditure of 679.28 million euros, which implies a surplus. 1.22 million euros in the reporting period. Decisions covering many key issues related to the country’s dairy industry were also adopted at the regular general meeting. The budget made provisions for the Milma cattle feed factories in Pattanakkad and Malampuzha, the Central Products Dairy in Alappuzha, and headquarters expenses, besides making provisions for farmers to ensure profitable returns and increase productivity. 

  The budget surplus will certainly help Milmaa continue to grow to overcome the challenges along the way. In the general meeting, the scenario of the dairy sector was also reviewed, and fruitful suggestions were made to strengthen the ecosystem by increasing productivity attracting young people to dairy farming, and identifying essential problems that need to be solved with the support of the state and the government, Milma President K S Mani said. In the meeting, it was recognized that the brand repositioning project initiated by KCMMF has significantly affected the sales growth of Milma products. 

  However, the meeting found that due to the sharp decline in milk purchases, effective steps must be taken with the support of the government and federal agencies to increase productivity reduce input costs, and launch programs to attract the young generation to the market. in the dairy industry. The general meeting also approved decisions aimed at establishing comprehensive insurance for all dairy animals and a compensation system for bank loans used by farmers to buy cattle. Decisions were also taken on a wide range of issues such as the renewal of dairy licensing regulations, GST exemption for dairy products and audit costs, and income tax exemption for dairy cooperatives. The meeting also requested financial support from the state for the cultivation of silage, green fodder, and corn, as well as the inclusion of milk production in the employment guarantee systems.

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