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APresentation
Valence Entrepreneurs Dogma
of
India
Co-operative LimitedOr
Vedic Limitedwww.vediclimited.com
underThe Bihar self supporting cooperative societies Act 1996
( Act no. 2 of 1997)
Founder MembersA
bh
ay B
. S
ing
h
Mu
ke
sh
Ra
ush
an
Aja
y B
. S
ing
h
Bra
jesh
K. S
ing
h
Sh
we
taS
ing
h
Objective
Encourage mutual support, unity for social and economical empowerment bygenerating agricultural or non-agricultural rural entrepreneurial activities by involvingdirectly or indirectly, by promoting and financing self help groups within the co-operative society.
Offer educational opportunities and Training for entrepreneurial improvement.
Promotion of non-conventional energy conservation with techno-support ofresources and utilization along with social awareness in business and trade withinrural structure. Institutional scheme awareness.
Promote , Research and find ways to implement the concept of PanchyatAgronomics for the rural employment and economical activity promotion.
Mission
Primary Mission of Vedic Ltd.
• Employment
• Economic participation
• Global village
• Recourse Utilization
Economic Activities
• Aquaculture
• Floriculture
• Bio-Fertilizer production
• Commercial Crop cultivation
• Agro-Eco tourism
• Agri-business center
• Contract farming
Social Activities
• Micro financing
• Skill grooming programs
• Eco-balancing activities
• Healthcare & nutrition
• Sanitation and issues of national interest.
A step to co-operate to be corporate.
Ideology
“Arrangement of resources to be utilized for
development is management for growth”.
This we have to practice with the huge and
effective Human resource ,Under utilized land
and cooperative capital.
A.B. Singh
What to Arrange?
Land – natural resources extracted from Earth. Can be renewable or non-renewable
Labour – physical and mental effort of
people in organisation
Capital – man-made resources, such as buildings, machines, tools
Enterprise – bringing together the other
three factors of production
How to arrange?
Land
• Purchase
• Lease
• contract
Labor
• Associate
• Employ
• Contract
Capital
• Purchase
• Lease
• Accumulate
Entrepreneur
• Attitude
• Aptitude
What to produce?
Gap in the market
Implementing the ways and means For
development of primary sector
Investment of surplus in
Secondary and Tertiary Sector
Being Corporate!!
Primary Sector
Utilizing & extracting natural resources
(fishing, farming & Plantation)
Secondary Sector
Developing, manufacturing and processing Oil
extraction, Food processing, Storage &
Packaging
Tertiary SectorProviding services Tourism, Sales &
Distribution
Conclusion!
Primary sector
Co-operativeVedic
A Systems View of Business
Inputs
Processes
Outputs
Feedback
Vedic system is made up of 4 key parts:
Panchayat Economical Cycle
Business
Cycle
Vedic
goods/servicesConsumption of
goods/services
Wealth for Co-operative and
employees
Increased Spending habit
from wages & income
Rural Needs
& Wants
Panchayat Agronomics
• Employment
• Associating as self-employment group
• merchandising support by providing harvest surplus.
Regular income from primary sector in rural
area.
• family income system.
• clean green contract production.
• Collection points of harvest & trade.
Involvement and enhancement of women income by implementing- • Establishment of small &
medium scale production units.
• E-trade points with storage and retail shops.
• Technological upgrading to present units.
Value addition for Secondary sector and
cluster development on block level.
Key Factors of Consideration
Infrastructure
Awareness
Management of Recourse Allocation
Government Support
Active Membership
Strong Human Resources Policy
Professionalism
Characteristics of VEDIC
Open Membership
Voluntary Association
Sources of Finance & Employment
Democratic Management
Service & Entrepreneurial Motive
Separate Legal Entity
Distribution of Surplus
Self-Help Through Mutual Cooperation
Educational and Training Support
Development of Village Agronomics.
VEDIC Ltd.- Features
The Companies Amendment Act 1996 made it possible to create co-op societies as companies.
The objects shall include production, processing manufacture and sale of primary produce and allied matters.
Formation of SEG & SHG producers and persons in every district as members.
Members’ equity is not publicly traded, but can be transferred with approval of the Board of Directors of the company.
VEDIC is not vulnerable to takeover by MNCs and other companies.
VEDIC can be converted into a producer company and re-converted into an inter-state cooperative society, if the majority so desires.
The Managing Team
Abhay B. Singh (President)
Indal kumar Singh (Director)
Mukesh Raushan (Director)
Brajesh kumar Singh (Treasure)
Meena Singh (Director)
S. P. Singh (vice-President)
Nand Prasad Singh (Secretary)
Shyama Singh (Director)
Jay prakash Vishwakarma (Director)
Sonu kumar (Director)
Sudha Sagar Singh (Director)
Core for Support & Decision Making
Plan for 1st Year– 3rd year
• Fishery
• Prawn culture
Aquaculture
• Marry gold cultivation
• Rajnigandha
Floriculture
• Jatropha plantation
• Seed collection
Bio-Diesel
• Production
• Contract Production
Bio-Fertilizer Production.
Stakeholder Aims/Objectives
Stake Holder
Members profits, dividends
Managerspromotion, job
security
Employeeswages, working &
social conditions, job
securitySuppliers regular orders, payment
Customers low prices, high
quality
Banks
loans repaid on time
Plan for 2nd year–5th year
• Huts
• Boats/rafts
• Eco-resort
Agro-Eco tourism
• Postal department agreement
• Panchayat agreement
Agri-business center
• One MT unit establishment
• Ancillary unit of by product
Bio- Diesel Production
• Fish product sales
• Marketing chain for other producers
Aqua hygiene retail chain
My five fingers
Management team (Board)
Managing comities
Work force
Financial institutions
Other SEG & co-op Federations
Role of Managers
Motivating co-operation
Enabling employee high performance
Team leadership
• Direction to organization
• Goals, vision, mission and values
Organizational issues:
Functional Management ( Financial , Operational etc )
Facilitate Communication and Public relations
Social Responsibility
“SR is about how Vedic can manage
the business processes to
produce an overall positive impact on
society”
Family Welfare
High Fossil fuel emissions
Global warming
Utilization of workers
Safety of employees
Strategic Support
Request state governments to act as venture capitalists on given proposals
VEDIC shall involve into effective deposit mobilization to build own bendable resources, for profitable and diversified lending.
In order to compete in the new economic environment, we shall intensify linkages with NGOs or Self-help Groups or Panchayat and promotional bodies like NCDC to attract funds and other forms of assistance from international agencies like world bank.
Conclusion
Professionalism in the management of the VEDIC shall upgrade the quality of the staff with latest developments and also develop a proper and cordial relationship between the managers and members of board of directors. We must encourage proper and continuous training for both cooperative leaders and professional executives.
The leadership with vision, dedication, commitment and above all innovative approach can help in preserving Cooperative Identity in an Era of Competition.
Thanks!
Let’s Begin The
VEDICWay Of Development...
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