Aavin clears dues of farmers

₹340 cr. disbursed by utilising reserve fund, taking loans

Ahead of the Deepavali pageant, Aavin has settled milk dues of farmers, who’re members of the Tamil Nadu Cooperative Milk Producers’ Federation. Around ₹340 crore has been disbursed utilizing reserve funds and by availing top-up mortgage from a financial institution on the skimmed milk and butter shares of the unions. Both these sources contributed equally for the settlement.

M. G. Rajendran of the Tamil Nadu Milk Producers Association expressed happiness over this growth. “Farmers had managed to tide over the pandemic due to income from the milk. A kind of permanent system should be put in place to ensure that the dues do not pile up,” he stated.

However, a piece of dairy farmers stated they have been sad with the way in which the dues have been settled.

They had sought authorities intervention to settle the dues. “Before the pandemic, many unions were running at a profit. However, the government announced a reduction in milk prices by ₹3 a litre, which was a populist one. But it did not step in to support the federation financially,” stated a farmer from Salem, who didn’t wish to be named.

To guarantee well timed funds to farmers, Aavin has deliberate to place in place a system, together with opening of a separate account for a similar.

The federation had begun implementing austerity measures, together with stoppage of free sweets to its workers.

“We will be reducing fringe benefits of staff when the unions are running at a loss. These benefits were introduced when the milk major was making profits. They cannot claim such things as a right when overhead expenses are higher than income from sale of milk,” stated Okay. S. Kandasamy, Managing Director, Aavin.

Special Correspondent , 2021-11-01 01:29:36

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