The Tamil Nadu Cooperative Milk Producers Federation, whose popular brand is Aavin, plans to float fully owned company that will implement projects in a professional manner, mobilise funds for its projects and assist farmers to set up dairies or farms.
Official sources explained that the company would be incorporated under Section 8 of the Companies Act, 2013 and function in a project implementation mode. “We can take consultants on short term contracts for specific projects. It cannot be done in Aavin. There are certain schemes that cooperatives cannot apply for. For instance, the Animal Husbandry Infrastructure Development Fund. A Section 8 Company can apply for this fund. From time to time such schemes are introduced and when cooperatives cannot avail the funds, the company can step in,” the official explained.
