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R I A

Publication of

Information under

section 4(1)(a)

of the Right to

Information Act,

2005.

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Publication of

Information under

section 4(1)(b)

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About Us :
1. About the Industry and KSMB Role
2. Quality Control
3. Khadi & Village Industries Cell
4. Important Lagislations Applicable
5. Capital Base
6. Requirements
 
About the Industry and KSMB Role :
Sericulture is a principal occupation and a prime industry in the State of Karnataka. There are about 2.5 lakh families depending directly on sericulture activities and another one lakh families engaged in activities which are auxiliary and essential for sericulture in Karnataka. KSMB is the only public Sector Organisation which is actively involved in Price Stabilisation by active participation in silk Exchanges in Karnataka.
In achieving the above objectives, the Company is serving the interest of the Reelers, Weavers and Twisters, the most important segments of silk community after silk worm rearers. The Company as a biggest licenced buyer, strives to maintain stability in silk prices and to prevent the formation of groups and cartels among traders and merchants.
Quality Control :
The company is monitoring the activities of purchase & sales by establishing direct link between reelers & weavers thereby and have eliminated the middlemen to possible extent. The company is giving prominence for quality purchase subjecting all the filature raw silk and charaka fine wrap quality raw silk to strengthen quality check by visual and mechanical test through Central Silk Board, Government of India.
Khadi & Village Industries Cell :
The company is also recognised as a Certified Institution by the KHADI & VILLAGE INDUSTRIES COMMISSION,MUMBAI under Regn. No. Mumbai/ccc/KNT/New-01/2001-02 Dt.27.9.2001.Our prime objective is to purchase silk directly from poor realers and to sell to the poor weavers thereby generating regular employment and income to the rural artisans who are entirely dependent on Agro based silk yarn cottage industry.
Important Lagislations applicable :
  • Companies Act, 1956 and amendments thereafter.
  • Karnataka Silk Worm Seed, Cocoon and Silk Yarn (Regulation of production, supply, distribution and sale) Act, 1959
  • Central Silk Board Act 1948 and amendments thereafter.
  • Capital Base :
      The authorised Share Capital of the Company is Rupees Forty crores out of which the Paid Up Share Capital is Rupees Thirty One crores forty five Lakhs. The entire Paid up Share Capital is held by the Government of Karnataka. The Government of Karnataka has extended timely financial assistance to the company by extending Guarantee upto 31-03-2014 for a loan of Rs.15 Cr stationed by Canara Bank for the purpose of Price stabilization of silk yarn and releasing of Rs.1 Cr to meet the administrative expenses and the salaries of the employees. The company has incurred loss of Rs.542 Lakhs during the year 2013-14 and Rs.439 Lakhs during the year 2014-15. The transactions of the company has not improved since 2004-05 due to continued recessions in the trade and also free availability of imported silk in the market and also due to competition from the private traders transacting outside the Silk Exchanges thereby avoiding the market fee which is one of the components of selling price. The accumulated loss at the end of 31.3.2015 was Rs.4348 Lakhs
         The Company is proposing to restructure its activities so as to revive its transactions to help the people involved in the Sericulture Sector more particularly Reelers and Farmers. This is due to abundant and free availability of imported silk, which is posing tough competition for domestic silk.
    Requirements :

    1. Karnataka Silk Marketing Board is the only market intervention Agency for silk yarn in the country, which was established by the State of Karnataka, the major producer of silk yarn in the country to protect the interests of the people involved in the Sericultural Activities, who are mostly from the vulnerable sections of the society. Without alternative employment potential and opportunities, 2.5 lakhs families depending directly on sericulture activities to be taken care of. Therefore, strengthening of KSMB is very much essential.

    2. The comparative table showing the figures of Karnataka State production of silk yarn and the import of silk yarn into India for the last eleven years are given below:-

    Year
    Karnataka Silk Production
    ( in tons )
    Import of Silk Yarn to
    India ( in tons ) *
    2004 2005
    7302
    7185
    2005 2006
    7471
    8334
    2006 2007
    7883
    5567
    2007 2008
    8240
    7921
    2008 2009
    7238
    8392
    2009 2010
    7360
    7341
    2010 2011
    7338
    5820
    2011 2012
    7796
    5685
    2012 2013
    7063
    4960
    2013 2014
    8574
    3259
    2014 2015
    9544
    3489
                                              Source : Central Silk Board *

    3. Statement showing the performance from 1979-80 to 2014-15:-
                Statement