Committee reviewed the implementation status of World's Largest Grain Storage Plan in Cooperative Sector.
About World's Largest Grain Storage Plan
- Initiated by Ministry of Cooperation as a pilot project in 2023 across 11 states.
- Implemented by National Cooperative Development Corporation with support of NABARD, Food Corporation of India (FCI), Central Warehousing Corporation (CWC), NABARD Consultancy Services, National Buildings Construction Corporation.
- Aims to develop agricultural infrastructures at Primary Agricultural Cooperative Societies level including warehouses, fair price shops (FPS) etc. through convergence of various existing schemes including-
- Agriculture Infrastructure Fund, Agricultural Marketing Infrastructure Scheme, Sub Mission on Agricultural Mechanization, Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme etc.
- Benefits of Plan
- Ensuring food security.
- Help in reduction of post-harvest loss, thus enabling farmers to earn better prices.
- Minimizes transportation costs between procurement centres, warehouses, and FPS.
- Prevention of distress sale by farmers at low rates.
Other Steps taken to improve Grain Storage Capacity
- Private Entrepreneur Guarantee scheme for augmenting food storage capacity through private participation.
- Negotiable Warehouse Receipt (NWRs) issued by Warehousing Development and Regulatory Authority help farmers to seek loans from banks against NWRs to avoid distress sales of agricultural produce.
Grain Storage System
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