
Trust is formed by the Founder with the noble objective to join some of the well known co-operative societies in this part of the State in a Trust to coordinate their efforts to promote the development, management and transfer of technologies and information in the entire state of Karnataka to provide capacity building, training, technical and logistic advice and support in these districts within the existing laws of the Government of India and Karnataka State.
Whereas farming of Arecanut and its inter crops remains the major economic engine of the Region, the communities that are dependant on this industry have been facing increasing challenges in terms of labour and water shortages, lack of access to modern information and communication technology. There exists a large number of highly successful co-operative institutions in the Region, which have developed robust networks for providing marketing, credit and input supply services to farmers.
The purpose of this Trust is to establish a joint forum representing various co-operative and civic organizations in the Region for the advancement of research and development of production, marketing, resource management and information technologies in areas of mutual interest and of relevance to the Region for the creation of funding, training and technical and logistical advice and support.
This is a Deed of Declaration of Trust executed by Shantaram V. Hegde, Shigehalli, President of Totagars' Co-operative Sale Society Ltd. Sirsi (T.S.S. Ltd), hereinafter known as Founder of the Trust.
Name of the Trust: This Trust shall be known as "MALENADU KRISHI TRUST".
Founder of this Trust hands over to Trustees a sum of Rs.5001/- (Five Thousand and One only) towards the Corpus Fund of the Trust.
The programs conducted under the framework of this deed may include, but are not limited to:
The Trust shall function at its registered office, i.e., The Totgars' Co-Operative Sale Society Ltd., Sirsi and at such other places as the Trustees may decide from time to time.
Trust shall hold meetings at least once in 6 months. 6 Trustees shall form the quorum. The Trust can take its decisions by majority. Regular meetings require 7 days' prior notice; emergency meetings can be called with 1 day's notice by SMS/WhatsApp/Email.
All Trustees/Member Societies shall contribute 0.50% of their net profit annually to the trust. The Trust is also at liberty to receive donations from any individual, association, trust, or organization through cheques, demand drafts, or bank transfer.