Question

The only one co-operative entity engaged in the cashew processing sector in Kerala

• A. MALCOT
• B. CAPEX
• C. KSMDFC
• D. KERAFED

Answer 1

Answer:

B. CAPEX

CAPEX:

• Kerala State Cashew Workers Apex industrial Co-operative Society Ltd
• Year : 9-8-1984
• Headquarters : Kollam

Other Functions:

• It is the federation of primary cashew workers industrial Co-operative Society in the state (Two Tier structure)
• Its object is to organise the cashew industry in the state and procurement and distribution of raw cashewnut and marketing of processed products
• The society undertake procurement of raw cashewnut and supply it to affiliated societies.
• It also undertakes export of processed cashew

Note:

• CAPEX is working under Department of Industries.
• Managing committee consists of 9 members.
• MD is the chief executive.
• CAPEX aims to provide maximum number of working days to cashew workers as a Government Assistance Program.
• More than 90% of workers in CAPEX are women and belongs to backward classes.
• CAPEX is the only one co-operative entity engaged in the cashew processing sector in Kerala