the malnad areca marketing co-operative society ltd
banking company in Shimoga, India

About

• Malenadu Areca Marketing Co-operative Society Limited offers organized market facilities for selling areca nuts and other secondary crops
• They provide secure storage solutions, ensure sales at agreed-upon prices, offer short-term loans, advance payments on members' products, and engage in processing activities to support farmers and members.

Geographic Focus

Malenadu Areca Marketing Co-operative Society Limited operates primarily in Shivamogga, Chikmagalur, and Davanagere districts, covering a total of 17 talukas including Channagiri and Honnali talukas.

Target Customers

• The primary target customers are areca nut growers and farmers located in Shivamogga, Chikmagalur, and parts of Davanagere districts
• With a membership base of approximately 30,015 individuals, the society caters to small and large-scale farmers seeking reliable market access, financial assistance, and secure storage for their agricultural produce.

Unique Value Proposition

• Malenadu Areca Marketing Co-operative Society Limited stands out due to its long-standing history since 1939, consistently profitable operations, and a large, growing membership base
• The society ensures secure transactions, provides financial services like short-term loans and advance payments, and maintains a strong financial foundation that allows for regular dividend distributions
• Its extensive administrative coverage across 17 talukas further enhances its capability to serve members effectively.

Pricing

The society does not provide specific pricing details on the website. However, it highlights a consistent dividend distribution rate of 6.25% annually.

Contact

• [email protected]