Milma Achieves ₹4,327 Cr Revenue, Enhances Farmer Incentives
The Kerala Co-operative Milk Marketing Federation (Milma) has reported a record revenue of ₹4,327 crore, marking a significant milestone in its operations. In response to this achievement, Milma is set to enhance incentives for dairy farmers, aiming to bolster milk production and ensure consistent supply. The federation's strategic initiatives focus on strengthening the dairy sector's infrastructure and supporting farmers through various programs.
Milma's three-tier cooperative structure, encompassing over 9 lakh farmer members across 3,600 milk cooperatives, has been instrumental in its growth. Milk procurement has seen a substantial increase, from 52,000 litres per day in 1983 to over 12.25 lakh litres per day in recent years. The federation operates 13 milk processing plants with a combined capacity of 12.5 lakh litres per day, alongside two cattle feed plants and a milk powder plant.Milma also doled out Rs 225.57 Cr worth incentives for dairy farmers in 2024-25.
To further support dairy farmers, Milma has implemented the 'Ksheera Santhwanam' insurance scheme, providing comprehensive coverage for cattle, farmers, and their families. This initiative, in collaboration with United India Insurance Company and the Life Insurance Corporation of India, offers benefits such as medical coverage up to ₹1 lakh and accident insurance up to ₹7 lakh.
Industry Insight:
Milma's record revenue and enhanced farmer incentives underscore the effectiveness of cooperative models in the dairy industry. Such initiatives not only improve farmer welfare but also contribute to the sector's sustainability and growth.
Source : Dairynews7x7 May 28th 2025 The Hindu Business Line