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Purpose of the Board

Karnataka Silk Marketing Board Limited (KSMB.LTD) is a Government of Karnataka Enterprise registered under the Companies Act, 1956. The Company was established in 1979 along with the formation of "Silk Exchange". Karnataka Silk Marketing Board Ltd was formed by Government of Karnataka with the intention of stabilising the prices of Silk yarn. The main objective of the Board is to minimise price fluctuations in raw silk and to ensure that the Reelers get a satisfactory return for the produce by buying aggressively when there is slump in market. Develop institutional customers who are directly concerned with the welfare of weavers and also promote high quality standards by purchasing quality silk subjecting it to a stringent quality control measures and to prevent formation of groups and cartels among traders and merchants.

Due to the current COVID-19 pandemic situation in the state of Karnataka the price of silk yarn had a comedown and the silk worm rearers (Farmers) and Reelers were in huge financial crisis. During the year 2020-21 Company has introduced Pledging of Silk yarn scheme to benefit the silk worm rearers and Reelers and has Pledged about 60 Tons of silk and this has benefited silk worm rearers and Reelers of Karnataka State. Apart from this, during the year the Karnataka Silk Marketing Board Ltd has Purchased Silk Yarn from Reelers and has helped the Reelers from the financial crisis. The Activities of the board has created lot of Employment indirectly to silk worm rearers /Reelers/Twisters and Weavers.

Last Updated: 26-11-2021 05:29 PM Updated By: Admin

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