Sikkim Cooperative Supply and Marketing Federation Ltd

In order to coordinate bulk-consumer distribution functions, farm surplus marketing and farm input supply functions of the primary Coops. The state Govt. in consultation with Central Government/ National Agriculture Coop. Marketing Federation (NAFED)/ National Coop. Consumers’ Federation (NCCF) & National Coop. Development Corporation (NCDC), the Sikkim State Cooperative Supply and Marketing Federation Ltd. (SIMFED) was established in 1984.

The federation is mainly dealing in marketing of agriculture surplus and supply of farm inputs besides wholesale distribution of consumer items from central godown located at Rangpo. In addition, the federation is also supplying school uniform, textbook and furniture/equipments to the Government Department. The federation is extending its services through branches located at Jorethang, Mangan, Gangtok and Rangpo.

The Board of Directors consists of 14 members of whom eight are elected members and the rest being nominated by the State Government.

Status of Sikkim Cooperative Supply and Marketing Federation Ltd.

Sl. No. Particulars Unit 2014-15 2015-16 2016-17
1. Membership (Coops) No. 191 191 191
2. Branches 6 6 6
3. Total Share Capital Rs in lakh 355.90 355.90 355.90
Of which State Govt. 309.50 309.50 309.50
4. Business Turnover 9951.95 4874.11 6216.78
5. PROFIT/LOSS 99.72(NP) 28.99(NP) 27.06(NP)

Major achievement of SIMFED :

Since 1994, SIMFED has been assigned as a procuring agency for all agricultural inputs to Agriculture and Horticulture Department. The society is supplying various requirements of the government departments such as uniforms, textbooks etc.

SIMFED also ventured into processing and value addition to different agricultural produces. SIMFED has processed and exported ginger to European markets. Various processing and manufacturing activities of ginger, turmeric, buckwheat, pulses were taken up and finished products were lunched in local marketed as well as in other states of India

As a part of Sikkim Organic Mission, SIMFED has taken up Organic Adoption Certification activities in the State as well as in other States viz; Andhra Pradesh, Orissa, Chandigarh, Assam, Arunachal Pradesh, Haryana. This operation is also termed as Internal Control System (ICS)