Jharkhand State Co-operative Lac Marketing & Procurement Federation Ltd. (in short “JASCOLAMPF”) earlier known as “BISCOLAMPF” is the only apex commodity co-operative body in India specifically meant for Lac promotion established in the year 1963 by the State Government for the overall development of lac industry in the tribal dominated region. It is a registered body under the Jharkhand State Cooperative Societies Act, 1935. Being a Co-operative federation it has a commitment towards the social responsibility, hence it weighs more on services than profit.

The idea of co-operative enterprise in lac was mooted in 1962 when sticklac price had crashed to its lowest bottom for many decades. There was the apprehension that lac would go out of cultivation entailing permanent damage to this source of earning importance to tribal economy and also to the employment potential of the tribal population. In order to improve the economic condition and to help the tribal population engaged in the growing of lac from the exploitation, the State-trading Corporation of India was brought in to buy Seedlac at fair price. This fair price being proportionate this site to the minimum export price fixed by Govt. of India was much above the prevailing market price during the year 1962. Therefore, it was considered expedient to organize cooperative lac marketing federation for the benefit of lac growers. JASCOLAMPF is one of the largest channelizing agency of Lac related products in Jharkhand.

The objective of this federation was to buy sticklac from growers through primary cooperative societies working at the village level, at price proportionate to the price of seedlac offered by the STC. Thus the lac growers would get price incentive and support price. Since Jharkhand is the primary lac growing state, Jharkhand was selected as the venue for the experimental enterprises. On the recommendation of the study team constituted by the Ministry of Home Affairs, Govt. of India, the state cooperative lac marketing federation ltd. was set up in Sept. 1963 with Headquarters at Ranchi. JASCOLAMPF is committed to excellence in quality. JASCOLAMPF is a body of the lac growers, by the lac growers, for the lac growers.