Purchases made from empanelled Tribal suppliers/artisans by TRIFED shows an increase of 166% in 2017-18 over 2016-17

Image
Capital Market
Last Updated : Jun 21 2018 | 10:31 AM IST
TRIFED has made purchases to the tune of Rs. 15.86 Crores (provisional) during Financial Year 2017-18 through its empanelled tribal suppliers/artisans as compared to Rs.5.95 Crores during Financial Year 2016-17. This is a commendable increase of 166% during 2017-18 over 2016-17.

The increase in procurement has resulted in enhancement of benefit to tribal artisans in terms of-

Employment generation opportunities were generated for 712 suppliers which helped create livelihood opportunities to around 70,000 tribal families during 2017-18 vis-vis 585 suppliers with around 57,500 tribal families during 2016-17 &

Increase in value of stocks to the extent of 166% purchased from them over the last year.

During the year 2017-18, a massive drive for scaling up of Retail Marketing Activities was also initiated by TRIFED for achieving the sale target of Rs. 21.00 Crores and corresponding procurement target of Rs.12.25 Crores. A number of new initiatives were undertaken which resulted in substantial increase in sale from Rs.11.37 Crores in 2016-17 to Rs.20.08 Crores (provisional) during 2017-18, showed a record increase of 77% and a record sale in the history of TRIFED.

The Union Minister for Tribal Affairs, Shri Jual Oram has appreciated the tireless efforts of TRIFED and Tribes India to achieve the record sales by TRIFED. Secretary, Ministry of Tribal Affairs, Ms. Leena Nair has said that this is the best way to make Tribals empowered and self-sufficient. TRIFED is now working on various strategies push the sales higher in the next financial year.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 21 2018 | 10:16 AM IST

Next Story