Annual Report 2010-11

Your Society, having a dedicated team of agricultural
professionals, continued its efforts towards transfer of
latest farm technology to the farming community and
has undertaken rural welfare schemes for improving
their livelihood. The Society organized 2669
programmes such as Farmers Meetings, Kisan Melas,
Field Demonstrations, Field Days, Cooperative
Conferences, Group Discussion etc. benefiting 9.97
Lakh farmers and cooperative officials across the
nation. The Society also made available 5.64 lakh
technical folders on various crops to farmers and
cooperatives as back-up knowledge.
'KRIBHCO Krishi Pramarsh Kendra' continues to
provide free consultancy on farm-related issues,
propagate efficient and balanced use of fertilizer by
testing 5622 soil samples for micro-nutrients, 1545
samples for macro-nutrients collected from 15 states
and 71 farmers visited the Kendra. The State Directors
of Agriculture across the nation were apprised about
educational programmes conducted and district-wise
deficiency noticed in soil samples tested from their
states. This year KRIBHCO Krishi Pramarsh Kendra,
NOIDA was visited by many dignatories including Shri
S. Krishnan Secretary (DoF) and Shri S.L. Goyal Jt.
Secretary (DoF), Govt. of India and Mr. Farid Hateen
DG (Agriculture) Govt. Of Afghanistan. The services
provided by KRIBHCO to farmers and cooperatives
was highly appreciated.
Your Society promoted Information Communication
Technology (ICT) and sent the soil profile
results along with the recommendations to the
farmers at their door-steps through KRIBHCO field e-
mails, besides using the KRIBHCO website for display
of results as well as monthly farm operations. The
'Pramarsh Kendra' as well as "KRIBHCO Kisan
Helpline" continued to provide latest information on
weather to farmers enabling them to plan farm
operations and mid-term corrections in case of crop
failures. Kisan helpline is also used for follow-up with
farmers for adopting soil testing results and other
farm-related services.
For inclusive development of cooperatives, the
Society adopted 107 cooperative societies, trained 24,940
cooperative managers in 208 cooperative conferences.
The Society also organized 50 health campaigns for
human and livestock, and rural sports for integrated rural
development. A state Consultative Committee meeting
was organized for the state of Gujarat.
15. FINANCIAL RATINGS
The Society's excellent financials and its core
strength have been recognized by CRISIL by awarding
the highest rating P1+ for accessing short term
borrowings and Letters of Credits. This rating indicates
that the degree of safety regarding timely payment on
the instruments is very strong. On the long term,
CRISIL has rated the Society as AA-/ Stable which
means high degree of safety with regard to timely
payment of financial obligations. The outlook is
indicated to be "stable".
16. CORPORATE GOVERNANCE
A Sound Governance process consists of a
combination of business practices, which result in
enhancement of shareholder's value and enable the
Society to fulfill its obligations to farmers, employees,
shareholders, Lenders, government and the general
public at large.
The constituents of corporate governance in the
Society are the Board of Directors, Shareholders and
the Management.
The Thirtieth Annual General Body Meeting
(AGM) of KRIBHCO was held on 20th May, 2010.
In the 30th AGM, nine Directors were elected as
per Bye-law 38(i) of the Society. Thus, with the
election of nine Directors, the seventh elected Board
of Directors was reconstituted on May 20, 2010. The
members of the newly constituted Board, unanimously
elected Shri Vaghjibhai Rugnathbhai Patel and
Shri Chandra Pal Singh as Chairman and Vice-
Chairman of the Society, respectively.
Twelve Meetings of the Board of Directors, 11
Meetings of the Executive Committee, 2 Meetings of
the Sub Committee on Marketing and 2 Meetings of
the Audit Committee were held during the year. The
observations/ recommendations of the members are
taken into account while formulating the future
strategies and planning of the Society.
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