Palle Pragathi set to spur rural growth

Palle Pragathi set to spur rural growth
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Highlights

Telangana Rural Inclusive Growth Project (TRIGP) is all set to take off in 182 backward mandals in the State to encourage women, farmers, Scheduled Castes and Scheduled Tribes to take up economic activities by forming companies under Indian Companies Act as part of the Palle Pragathi project initiated by the State government.

Telangana Rural Inclusive Growth Project aims at encouraging farmers, and persons from Scheduled Castes and Scheduled Tribes to take up economic activity by forming companies under Companies Act
Hyderabad: Telangana Rural Inclusive Growth Project (TRIGP) is all set to take off in 182 backward mandals in the State to encourage women, farmers, Scheduled Castes and Scheduled Tribes to take up economic activities by forming companies under Indian Companies Act as part of the Palle Pragathi project initiated by the State government.

According to Panchayat Raj and Rural Development officials, the TRIGP, christened Palle Pragathi, would be implemented with World Bank support at an estimated cost of Rs 620 crore.

Main objective of the new model is to help increase the incomes of at least 50 per cent of the nearly 2.5 lakh farmers under the project. The project is aimed at increasing productivity and market access to the farmers and link small and marginal farmers to urban markets and make them competitive across the value chain.

In turn, it would make farmers and small and marginal producers to take advantage of the potential benefits from agriculture and allied sectors like horticulture, livestock and exploit growth opportunities in high value commodities like poultry, milk, red gram, fisheries, turmeric, cashew etc,

Apart from providing urban market linkages steps would be taken to create local markets by connecting rural producers and enterprises with the rural consumers.

Speaking to The Hans India, a senior official said the project had been sanctioned and was to take off in 2015. However, uncertainty over the modalities in implementation delayed the launch by two years.

But, most of the rural folk are illiterates and semi-literates and it would be difficult for them to handle issues like forming a company board, appointment of directors, board meetings, hiring chief executive officer or managing director, capital and investment and other issues needed to be complied under the CA.

However, all these issues have been resolved and now it was decided to extend handholding from the Society for Elimination of Rural Poverty (SERP), and so far nine companies have been formed to take up meat production and agri-processing units in 9 districts other than Hyderabad.

Formation of more new companies would be completed soon and all necessary help would be extended for successful management of the company, the sources said. This scheme, the official said, has the potential to bring major changes in the lives of people in about 5,000 villages of the 182 backward mandals covered under the project.

By V R C Phaniharan

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