Thu Dec 26 15:34:10 UTC 2024: ## Local Farmers’ Producer Company Launches Fixed Deposit Facility, Expands Operations
**Puttur, Karnataka, December 26, 2024** – Gramajanya Farmers’ Producer Company (FPO) in Puttur, Dakshina Kannada, launched a new fixed deposit (FD) facility offering a 9.5% interest rate and released an additional five lakh shares, marking a significant expansion of its operations. The launch coincided with the inauguration of the FPO’s new corporate office.
Shankaranarayana Khandige, vice-president of CAMPCO, Mangaluru, highlighted the FPO’s role in connecting apiculturists with the market, leading to increased rural employment and the production of value-added honey products. He encouraged farmers to invest in the FD facility, emphasizing its contribution to both personal financial security and the FPO’s growth.
T.G. Rajaram Bhat, director of SCDCC Bank, Mangaluru, released the new shares, each with a face value of ₹10, presenting them as an opportunity for farmers to actively participate in Gramajanya’s expansion. He stressed the collaborative nature of the effort, emphasizing the potential for farmers to build a movement supporting alternative crops, value addition, and sustainable growth.
Vijayakumar Rai, director of Puttur Taluk Krishika Samaja, made the first purchase of the additional shares. Balarama Achaya, a senior businessman, inaugurated the new corporate office, underscoring the need for agricultural modernization through innovative business models to increase farmer income. He stressed the importance of value addition and improved product shelf life to enhance profitability.
First Piper 