Farmers of Jharkhand are earning profit even from crop residue, amazing value chain management system
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Ranchi, Abhishek Roy. Satish Mahato, a resident of Chipra Nagdi, Ranchi, the capital of Jharkhand, agro based startup ‘FEEDCO Agrikart’ is benefiting the farmers in four phases. Through this, farmers are getting customers and markets for their crops like cereals, vegetables and seasonal fruits. Got rid of middlemen. Reasonable price of the crop is also being received.
Farmers are earning profit even from crop residue
At the same time the farmers came out of the fields crop residues Also making profits from. That is, the cost of the entire crop cycle of the farmers is being compensated. The startup operates on two business models: F-to-F (Farmer-to-Farmer) and B-to-B (Business-to-Business). Satish Mahto has done business worth crores in six years through this startup. At present, 5000 farmers of Ranchi, Khunti, Gumla and Ramgarh are directly connected with this startup.
Success from ‘Value Chain Management System’
Satish is from a farmer family. He says: In childhood, I had seen my father suffering losses in farming many times. Often the fair price of the crop was not available or due to lack of timely sale, insects used to get into the crop. For the purpose of solving these problems, ‘Value Chain Management System’ was prepared. Think of it as the foundation of my startup. Through this, ‘one stop solution’ is provided to the farmers on a single platform.
The company estimates crop yield
Field executives associated with ‘FEEDCO Agrokart’ continuously contact the farmers and estimate the yield of their crops. After harvesting the crop, the market is made available to the farmers. For this, the farmers do not have to go anywhere, only the workers associated with the startup do the lifting of the crop. After harvesting the crop, farmers often look for ways to dispose of the waste from the field.
The company was set up with a capital of one lakh, today the value of crores
Satish did MBA in Operation and Marketing course in 2015 from Indian Institute of Tourism and Travel Management, Bhubaneswar. After this he joined the Cargo Company of Delhi. While in the Custom Department, he understood the import-export and business chain. Evaluated the business of grains, fruits and vegetables. After this, he left the job and laid the foundation of his company in November 2016 with a capital of one lakh rupees. Started connecting people with startups from February 2017 after company registration. Recognized as ‘Best Agro Startup’ in 2019 under ‘Startup India Jharkhand’. Also got funding of Rs 1.25 lakh. At the same time, on March 21, the startup got incubation from IIT ISM Dhanbad.
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