Buy mango bonds for the love of Alphonsos and not returns4 min read . Updated: 29 Apr 2019, 08:28 PM IST
- This scheme is more of a subscription than an investment as the payback is in the form of mangoes
- Invest only if you are keen to support a social venture and are willing to lock your money for five years
What do you make of an investment product that promises returns in kind instead of cash? The logical reaction would be to move away from such a proposition. But if the proposition entails a steady supply of Alphonso mangoes, looking the other way may be a tad hard. Cashing in on your love for mangoes is the Mango Scheme 2.0 that was launched by Devgad Taluka Amba Utpadak Sahakari Sanstha Maryadit, a cooperative society consisting over 700 farmers in Devgad taluka, Maharashtra. Akin to a collective investment scheme (CIS), the return from this scheme comes in the form of yearly supply of Alphonso mangoes.
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