Loans given to 22 farm producer companies

The scheme of providing midterm loans, up to Rs 10 lakh per farm producer company, to infuse capital during the lockdown period, was announced by the State government and based on the announcement applications were received from various farm producer companies.

The Mezzanine Capital Sanctioning Committee, after careful securitisation, selected 22 companies and allotted Rs 2.05 crore for them. 

Palaniswami said that during the lockdown, 113 farmer producer companies have procured 288 metric tonnes of fruits, 1,670 metric tonnes of vegetables and 283 metric tonnes of other foodgrain from farmers and have sold them ‘Uzhavar Sandhais’, wholesale markets and retail shops at a fair price.

To enable them continue their procurement and to infuse them with required capital for purchasing, storing and transporting, the State government has distributed loans for farmer producer companies, said Palaniswami.

The companies which received the loan can repay in five years time and the repaid amount will be used to infuse capital for other farmer producer companies. 

Meanwhile, the Chief Minister, through a video conferencing, laid the foundation stone for Tiruppur Government Medical College Hospital to be constructed in Nallur village near Tirupur. 

The hospital, which was sanctioned last year, would be constructed in 11.28 hectares at a cost of Rs 336.96 crore. 150 students can be accommodated every year in the college. 

The Centre will donate 60 percentage of the total expenses for the construction and the remaining 40 percentage will be allotted by the State government.