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

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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...