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Punjab Agro Industries Corporation Limited

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Right to Information Act, 2005

Punjab Agro FoodGrains Corporation Limited (PAFC)

The particulars of its organization, functions and duties - back

Punjab Agro Foodgrains Corporation Ltd. (PAFC) was incorporated in July, 2002 as a wholly owned subsidiary of Punjab Agro Industries Corporation Limited in accordance with the provisions of the Companies Act, 1956. Presently, the authorized and paid up capital of the Corporation is Rs. 5 crores. Memorandum & Articles of Association of Punjab Agro Foodgrains Corporation Limited.

Punjab Agro Foodgrain Corporation Limited (PAFC), focuses sharply on Contract Farming, Procurement of superior or fine grains, Export of Foodgrains and Marketing of quality agricultural inputs viz fertilizers, pesticides etc. The corporation has exported 8.75 lac tones of wheat and 0.97 lac tones of rice and achieved export turnover of Rs.700 crores. there are 18 sales centrs of fertilizers in the State of Punjab.The overall sale of fertilizers in the year of 2009-10 was 11778 MTS.
PAFC is one of the State Govt. procurement agencies to purchase the food grains on behalf of Central Pool and deliver it to FCI. During the year 2011-12, PAFC procured 11.50 lacs MTs PAddy and during the current year i.e. 2012-13, 14.58 lacs MTs wheat was procured. Further, coarse grains like Maize and others are being procured at MSP, as PAFC is the Nodal Agency in the state for the same. Crops sown under diversification programme of the State Govt. are purchased from the contracted farmers at the "Assured Price". The Oilseeds like Mustard and sunflower are procured from the contracted farmers at MSP on behalf of NAFED.

 
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