Milma’s Ernakulam Regional Cooperative Milk Producers’ Union (ERCMPU) has announced a significant dividend distribution of 10% of its share value to its members, as decided during the recent general body meeting aimed at profit allocation for the 2023-24 financial year.
ERCMPU chairman M.T. Jayan revealed that cooperative societies across the Ernakulam, Thrissur, Kottayam, and Idukki districts will collectively receive ₹1.48 crore from a total net profit of ₹8 crore for the year. The dividends are set to be disbursed along with the milk bills from October 1 to 10.
The union achieved this impressive ₹8-crore net profit through various initiatives, including a performance surcharge based on operating profits, investment in farmers’ welfare programs, and financial grants for union members, alongside managing procurement expenses and expansion efforts.
Stay updated with ECNETNews for further developments in cooperative initiatives and community welfare programs.
