Producer company in india, producer examples, producer meaning, producer company section

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PRODUCER COMPANY SOFTWARE

PRODUCER COMPANY • Indian economy is a rural economy.

Around simple fraction of our population depends on agriculture for his or her bread and butter. • But, the farmers and first producers in Bharat have had a protracted struggle, given the competition from world markets, low-profit costs etc. to handle these problems, the govt.

COMPANY IN INDIA • Since then, they need helped primary producers gain access to credit, input, market, production technology producer company is so a hybrid between a Pvt Ld. and a cooperative Society.

COMPANY IN INDIA • Insertion of the construct of Producer Company in firms Act,1956 is to confirm a lot of helpful and simple convertible regulative Framework of such firms and it's to be noted that whether or not it's a Producer Cooperative registered beneath Co-operative Societies Act, or a Producer Company beneath the businesses Act, they each serve for the common purpose on serve its members and work for his or her betterment.

BENIFITS Two types of Benefits from PC • Member benefits • Loan and Benefits of Producer Company

TYPES OF BENIFITS Member benefits The members can initially receive the worth for the manufacture or merchandise pooled and provided because the administrators could verify.

This quantity is given out later either in money or in a similar way or by allotment of equity shares.

TYPES OF BENIFITS Member benefits • Members are going to be eligible to receive bonus shares in proportion to the shares control by them. • The excess once provision for payment of restricted come and reserves could also be given out as patronage bonus, among the Members.

TYPES OF BENIFITS Loan and Benefits of Producer Company The members of the Producer Company area unit primary producers, and thus, area unit in want of economic help from time to time. • Hence, a special provision is formed by the Act sixty one of Producer Company of giving loans to its members. •

TYPES OF BENIFITS Loan and Benefits of Producer Company •

The corporate will offer money help to its members through: The credit facility, to any member, in reference to the business of the corporate, for a amount not extraordinary six months.

TYPES OF BENIFITS Loan and Benefits of Producer Company • Loans and advances, against security mentioned in articles to any Member, owed at intervals a amount extraordinary 3 months however not extraordinary seven years from the date of disbursement if such loans or advances.

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