FARM MECHANIZATION EXTENSION PROJECT MANAGEMENT AS NEW PARADIGM FOR SUSTAINABLE SERICULTURE DEVELOPMENT IN KARNATAKA

Farm Mechanization Extension project in the economic sense directly or indirectly adds to the economy of the Nation. However, an introspection of the Farm Mechanization Extension project performance clearly indicates that the situation is far from satisfactory in sericulture. Most of the major and critical Farm Mechanization Extension projects in sericulture public sector are plagued by tremendous time and cost overruns.In this Farm Mechanization Extension project management as new paradigm for sustainable sericulture development in Karnataka. Feasibility study forms the backbone of Farm Mechanization Extension project formulation and presents a balanced picture incorporating all aspects of possible concern. The project feasibility studies focus on Economic and Market analysis, Technical analysis, Market analysis, Financial analysis, Economic benefits, Project risk and uncertainty and Management Aspects. The Project Formulation involves following steps are opportunity studies / support studies, identification of product / service, pre – feasibility study, feasibility study (Techno- economic feasibility), project appraisal. Some of the commonly used techniques for financial analysis in this research are like-Payback period, Return on investment (ROI), Net Present value (NPV), Profitability index (PI)/ Benefit Cost Ratio and Internal Rate of Return (IRR).