THE INITIATIVE

• Supporting Cooperative Federations in serving farmers better

THE BENEFICIARIES

• Farmers of Chhattisgar

THE CHALLENGE

• Farmers had to travel long distances to sell paddy
• Delayed payments and distress sale by farmers in mandis
• Exploitation of farmers by the organised market

THE SOLUTION

• NABARD sanctioned credit facility to Chhattisgarh State Cooperative Marketing Federation Ltd (CSCMFL)
• Paddy procurement software was linked to Core Banking Solution which allowed direct transfer of sale proceeds into the farmers’ accounts

THE IMPACT

• CSCMFL able to procure paddy from about 10 lakh farmers at fair prices
• Improved credit recovery for cooperative banks