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CP-R: Scheme of Investment in TRIFED

 

 

 

     The Tribal Cooperative Marketing Development Federation of India Limited (TRIFED) was established by the Government of India in the year 1987 as a Multi-State Cooperative Society by registration under the Multi State Cooperative Societies Act, 1984 (now the Multi State Cooperative Societies Act, 2002.  It is a national level cooperative apex body

    TRIFED was set up with the prime objective of providing marketing assistance and remunerative prices to Scheduled Tribes communities for their Minor Forest Produce (MFP) and Surplus Agricultural Produce (SAP) and to wean them away from exploitative private traders and middlemen.

    The scheme ‘Investment in TRIFED’, which was initially launched in 1987, enables the Central Government to invest in the equity share capital of TRIFED.

     The present authorised share capital of TRIFED is Rs.300 crore.  Against this, the paid-up share capital as on 31.3.2007 was Rs.100,51,72,000.  Out of this the Ministry has so far (till 31.12.2007) invested in the equity share capital of TRIFED to the extent of Rs.99.75 crore

     It has been decided not to invest further in the equity share capital of TRIFED for the present.  Hence there has been no investment in the share capital of TRIFED from the year 2001-02 onwards

     The year-wise releases made under the Scheme of ‘Investment in TRIFED’ is given below: -

 

Year

Amount Released

(Rs. in Crore)

1988-89

7.00

1989-90

3.00

1990-91

8.00

1991-92

7.00

1992-93

7.00

1993-94

8.00

1994-95

9.00

1995-96

10.75

1996-97

10.75

1997-98

23.00

1998-99

6.00

1999-2000

0.25

2000-01 onwards

NIL

Total

99.75


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