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TANSILK

Tamil Nadu Co-operative Silk Producers Federation Ltd., Kancheepuram was registered on 17.4.1978 as a State level Co-operative Society and it started functioning with effect from 9.9.1978.

 

Objectives :

The main object of the federation is to procure raw silk yarn and twisted silk and market the same to its members like weavers co-operative Societies and other bulk consumers in the quasi-government sector such Khadi and Village Industries Board and Sarvodaya Sanghs.  The federation is unique in its set up, in which both producers and consumers are members.

 

Activities of the Federation

TANSILK purchases raw silk of the silk reelers through the Anna Silk Exchange at Kancheepuram and supplies to its twister members for further process of twisting.  Such twisted silk (Ready silk) is purchased from the twisters and supplied to the silk handloom weavers’ co-operative societies, Khadi and Sarvodaya Sanghs according to their requirements.  The Govt. of TamilNadu have directed in G.O.Ms.No.174, Handlooms, Handicrafts, Textiles and Khadi Department dated 24.12.85 that all the silk handloom weavers co-operative societies in TamilNadu should purchase their silk requirement only from TANSILK. TANSILK is also expected to buy all the silk coming to the Anna Silk Exchange that is not bought by the regular buyers. Thus it provides support to the reeling industry of the State.

 

Members and Share capital

The members of the Federation are the Silk weavers Co-operative Societies, the Silk Reelers Industrial Co-operative Societies and the Silk twisting societies. TANSILK also has twisters as associated members who convert raw silk into ready silk for TANSILK. The Federation is functioning for the welfare of the above said members. There are 526 members in the federation as on date.  Paid up share capital of individuals is Rs.1,54,46,019.81 and Government paid up share capital is Rs.1,62,97,650/-.

 

Financial assistance 

Based on encouraging performance of TANSILK, the National Co-operative Development Corporation, New Delhi has sanctioned Rs.47 lakhs during 1989-90 and Rs.85 lakhs during 1990-91 towards share capital assistance.  The federation is availing cash credit loan of Rs.150 lakhs from the Kancheepuram Central Co-operative Bank.

 

Management

The elected Board of Directors is managing the federation as per the TamilNadu    Co-operative Act and rules.  Presently the Government of Tamilnadu  has superseded the Board and appointed one Special Officer to manage the federation until further notification by the Government.