The Krishak Bharati Cooperative Limited (KRIBHCO), the premier fertiliser producing farmers’ cooperative society is holding its 39th Annual General Meeting (AGM) in New Delhi on September 5, 2019 with focus on Agriculture development and Co-operative development.
” About 600 members and directors of KRIBHCO are expected to attend the AGM with focus on strengthening Agriculture development and co-operative system, to enhance the urea installed capacity and increase its market share, to diverisfy into other core sectors like power, port, infrastructure and rural retail and to transfer technology for modern farming and improving farmers livelihood” said Dr Chandra Pal Singh Yadav, Chairman, KRIBHCO in a press statement.
“The major highlight of the 39th AGM will be an Agri Exposition where latest farming technologies will be displayed, farmers meeting and rural development . The farmers meet will help educate and train farmers provide free testing facilities for soil nutrients and irrigation water” said Dr Yadav.
“Kribhco despite facing procedural challenges including introduction of Goods and Services Tax (GST), changes in the disbursement of subsidy on fertilisers by government and difficulties in generating Direct Benefit Transfer (DBT) due to systemic changes the society has poster Pre-Tax Profit of Rs 162.56 Crore during the year 2018-19 and declared a dividend of 18 per cent on the paid up share capital.” said N Samasiva Rao, Managing Director, Kribhco,