MARCOFED
THE NAGALAND STATE CO-OPERATIVE MARKETING & CONSUMERS’ FEDERATION (MARCOFED) LTD., H.O. DIMAPUR
The Nagaland State Co-operative Marketing & Consumers’ Federation Ltd. popularly known as MARCOFED is an Apex Level Co-operative Institution for Marketing of Agricultural produces and distribution of essential commodities in the State which was established in the year 1968 under the sponsorship of the State Govt. as a public sector undertaken with its Registration No. NL/0222 Dt. 17-08-1968 and based in Dimapur as its Head Office, Nagaland.
MANAGEMENT & ADMINISTRATIVE SET-UP:
All managerial and administrative authority has been vested with the Board of Directors and having constituted with representation from the State Government/Co-operative Department, members from Co-operative Societies from all the districts of the State. The Board of Directors provides regular inputs, guidance and constant mentoring to the Federation and lays down policy guidelines headed by Chairman appointed by the Government, and the management is headed by Managing Director.
MARCOFED functions through its Head Office in Dimapur, Nagaland with 2 (Two) Branch Offices as MARCOFED LPG Service at Kohima and Phek district. Also there are Marketing complexes/ Godowns and commercial buildings located in Tuensang, Longkhim, Mon, Pfutsero, Phek, Medziephema, Jalukie, Wokha and in and around Dimapur District.
MISSION & OBJECTIVES:
MARCOFED was established with the following purpose and intent:
- To arrange for marketing and sale of agricultural and other commodities of its affiliated members.
- To rent or own godown or sales depot or open branches processing yard plants to facilitate storage, processing and sale of members’ produces.
- To act as an agent of members for the disposal of their produces, also to act as an agent of the State Government, Central Government, Co-operative Institution and other Corporation, Federation etc., within and outside the state in respect of storage, supplies and distribution of food stuff, other consumer goods, agricultural commodities, seed, manure, implement and other agricultural requisites and to distribute the same to members and others.
- To act as an agent of wholesale stores and the primary consumer stores and credit farming and other societies in respect of storage, supplies anddistribution.
- To act as a central co-ordinating agency in respect of supplying essential and other necessaries of life to the consumers and other co-operatives for distribution to its members and for this purpose to arrange for bulk purchase of consumer goods and other necessities of life of the best available quality from outside and within the state and to store and sell the same to its affiliated societies for distribution to their members.
ACTIVITIES DURING 2020-21
- Direct Dealership of Petrol/Diesel retail outlets in different parts of Nagaland State.
MARCOFED has received LOIs for setting up of 5 ROs under HPCL Ltd., 1 under BPCL, and 6 under IOCL which would make 12 in total currently in construction stage.
Construction of Petrol/Diesel retail outlets at Chiephobozou, Sub-division, ADC H.Q. Kohima District.
- Minimum Support Price (MSP) for Minor Forest Produce (MFP)
Minor Forest Produce (MFP) is a major source of livelihood for tribals who belong to the poorest of the poor section of society. It provides them critical subsistence during the lean seasons, particularly for primitive tribal groups such as hunter gatherers, and the landless. The scheme has the potential to generate large scale employment opportunities empowering the tribal populace.
That as per State Govt. notification No. FOR/GEN-31/01/2017-964 dated 5th December, the Department of Environment, Forests & Climate Change was declared as the Nodal department for MSP on MFP Scheme and Anghya Retail Chains under Dept. of DUDA with jurisdiction of Eastern Nagaland and MARCOFED with jurisdiction outside Eastern Nagaland to be the implementing Agencies for the scheme.
Accordingly the MoU has been executed between TRIFED & MARCOFED dated 22nd February 2018. MARCOFED has submitted the project proposal for infrastructural development and procurement of commodities for the financial year 2020-21.
Till date, 35 (Thirty Five) Nos. of Van Dhan Vikas Kendras have been sanctioned by TRIFED in the districts of Tuensang, Dimapur, Zunheboto, Kohima, Mokokchung & Wokha.
For wider distribution and benefits of this scheme, MARCOFED has proposed an additional 114 VDVKs covering the districts under MARCOFED’s jurisdiction. The proposal is under consideration by TRIFED, New Delhi.
Under Procurement Plan of MSP on MFP, MARCOFED has submitted a State Plan proposal of Rs. 29.65 Crores. Additionally, under “Covid-19 Response Plan for Tribal Livelihood & Health” to be funded under Article 275(I) Grants, MARCOFED has submitted a proposal of Rs. 20.52 Crores. The matter is pending at the State Govt.
Upcoming Programmes and Plans 2020-21
Due to the inability to carry out Works /Programs chalked out for the year 2020-21 owing to the Covid-19 pandemic, MARCOFED plans on carrying forward and pursuing the following plans during the year 2021-22
- Direct Dealership of Petrol/Diesel retail outlets in different parts of Nagaland State.
MARCOFED plans on continuing setting up of Petrol/Diesel Retail outlets in different districts of Nagaland.
- Micro Financing Scheme Under National Minorities Development & Finance Corporation (NMDFC) Central Scheme.
MARCOFED’s proposal to be nominated as the State channelizing agency for implementation of Micro Financing Scheme Under National Minorities Development & Finance Corporation (NMDFC) is currently pending Cabinet decision.
- Channel Agency for National Housing Bank (NHB)
The Department of Finance, Nagaland has given its concurrence to nominate MARCOFED as a State Channelizing Agency for implementation of the schemes of National Housing Bank (NHB) which promotes the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing.
- MARCOFED as Nodal Administrative Department for implementing Price Stabilization Fund (PSF) Central Scheme in the State
In the context of Nagaland, the history of the last few years indicates that there is certainly a very high volatility of prices of potato and onion in the market. The prices of these said items soar up to a very high amount which adversely affected the consumers, especially, families from the poor strata of the society. MARCOFED has submitted a proposal for appointment as Nodal department for implementing this scheme which will help mitigate the hardships of consumers and regulate the price volatility through procurement of the said items by MARCOFED for sale to the consumers during lean season so as to stabilize the market price.
Detailed working of MARCOFED during the year under report:
1.Membership
i) Membership – 179 Nos
ii) Individual – 11 Nos
iii) State Govt. – 1 No.
(Rs in Lakhs)
2. Paid up share capital – 127
3. Working Capital – 102.05
4. Reserve Fund – 0.99
5. Borrowings
i) State Govt. – NIL
ii) NCDC – 08
iii) NSCB – NIL
6. ICDP loan recovered
i) Principal – 55
ii) Interest – 97
7. Annual Business turnover
i) LPG Service Kohima/Phek – 450
ii) Ice – 40
8. No. of Godowns with capacity – 12 Nos (7108 MT)
9. No. of branches – 2
10. Total No. of employees – 38
