Econut

Econut

Founders: Lloyd Edward

Background: B.Tech. Graduate with 3 years corporate experience

Econut empowers small and marginal farmers through implementing a self-sustained FPO model. Learn more: www.econut.in

The Solution
As a Farmer Producer Organisation (FPO), Econut was formed to improve the overall condition of the farmers and help them become self-sustained from the base to marketing of their produce. They do this through bridging the gap between the producers (coconut farmers) and consumers by eliminating the middlemen. By connecting the farmers directly to the market, they ensure higher and guaranteed returns. They also promote rural employment through training unemployed rural youth for farms jobs and setting up retail outlets in IT Parks/gated communities.

Areas of FocusLivelihood; Rural Development.

Geographical Reach: Karnataka (Bengaluru, Mysuru, Mandya)

Impact*
  • 1047 farmers made shareholders
  • 15 retail outlets established
  • 75 rural youth trained and employed
  • 600 unemployed youth trained for farm jobs

Achievements Meritorious Performance Award - 2019 at Karnataka FPO Buyer-Seller Meet