SRINAGAR: To facilitate the cocoon producers of the valley by providing better marketing facilities for the sale of the cocoon produce at competitive rates, Department of Sericulture organised Cocoon auction marketing camp here today.
Among others, Cocoon buyers from outside the state also participated in the camp. About 5000 kgs of Cocoon worth Rs. 37.50 lakh were sold in the auction market.
Speaking on the occasion, Deputy Commissioner Srinagar emphasised for setting up of more income generating units in agriculture sector for facilitating the farming community besides improving their socio-economic status.
It was informed during the camp that Cocoon bank facility for the buyers and producers has been set up wherein 70 percent interest free loan to purchase the cocoons and to store them in the warehouses of the Sericulture department are being made available.
Due to the concerted efforts of the department the quality of cocoons produced has substantially improved and is expected to increase upto 4 lakh kg during current fiscal, the camp was informed.
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