SAGOSERVE

  

 

Tapioca is widely grown in Salem and Dharmapuri Districts. The Small Processing units were unable to get a good price for the Sago produced by them and they were exploited by the middlemen. In order to obtain a remunerative price for the small Sago and Starch units in these districts, a society called Sagoserve was established in 1981. Nearly 80% of the national demand for Sago and Starch is being met by the Sagoserve. Thus the tapioca cultivators get ready market for their products through the member units of Sagoserve.


OBJECTIVES:

To provide

  • storage,

  • marketing,

  • financial and technical assistance to starch and sago manufacturers in 8 districts.

MEMBERS AND SHARE CAPITAL AS ON 30.6.2005

No. of Members 450

Authorised share capital Rs.8.00 crores

Members paid up share capital Rs.5.66 crores

Government share Rs.1.00 crore

INCENTIVES OFFERED BY THE GOVERNMENT

  • Concessional TNGST @ 2% (outside 4%) with effect from 7.5.2003.

  • Central Sales Tax exemption for the goods purchased from SAGOSERVE.

  • Exemption of payment of AST from 1.4.2002.

  • Tamil Nadu Government share participation to the tune of Rs.1 crore

  • Safeguard duty imposed on starch imports by Central Government.

GROWTH OF SAGOSERVE

The performance of the SAGOSERVE for the past 3 years is furnished below:

(Qty & Rs. in lakhs)

 

Year

Sales

Revenue to Government  

Net Profit Rs.

Quantit

Value

Rs

Sales Tax

Rs

AST

Rs

Total

Rs.

2002-03

13.07

14328.70

592.99

--

592.99

139.57

2003-04

14.69

18766.56

415.44

--

415.44

152.41

2004-05

16.40

18398.38

386.29

--

386.29

200.64 (T)

2005-06

upto

30.6.05

3.58

3827.76

80.04

--

80.04

83.16 (T)

  • Sagoserve obtained State level awards continuously from Tamil Nadu Cooperative union for the best service from 1986-87 onwards

  • It posses storage facilities for 2.25 lakh bags storage facility with its 10 own godowns.

  • It provide Direct employment for 113 employees.

For further details, the Special Officer, SAGOSERVE, Jagirammapalayam, Omalur Main Road, Salem - 636 302 may be contacted. Ph.No: Off: 0427-5535446, 5535447, 5535448, 5535449, 5536455. (email - slm_mdsago@sancharnet.in)