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Questions and Answers
What is the interest subvention percentage under the Agriculture Infrastructure Fund for projects up to Rs. 2 Crore?
What is the interest subvention percentage under the Agriculture Infrastructure Fund for projects up to Rs. 2 Crore?
Who is the chairman of the Inter-Ministerial Committee (IMC) for the implementation of the plan?
Who is the chairman of the Inter-Ministerial Committee (IMC) for the implementation of the plan?
What is the main purpose of the National Level Coordination Committee (NLCC)?
What is the main purpose of the National Level Coordination Committee (NLCC)?
What percentage of loans can farmers get from PACS for their produce?
What percentage of loans can farmers get from PACS for their produce?
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What additional benefit does PACS provide to farmers apart from storing facilities?
What additional benefit does PACS provide to farmers apart from storing facilities?
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Which organization is responsible for implementing the pilot project of the World's largest grain storage plan?
Which organization is responsible for implementing the pilot project of the World's largest grain storage plan?
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What is the financial outlay for the World's largest grain storage plan?
What is the financial outlay for the World's largest grain storage plan?
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What is the target for increasing India's foodgrain storage capacity in the cooperative sector?
What is the target for increasing India's foodgrain storage capacity in the cooperative sector?
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Which ministry is the nodal ministry for the World's largest grain storage plan?
Which ministry is the nodal ministry for the World's largest grain storage plan?
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Which scheme under the Ministry of Food Processing Industries supports the creation of godowns at the PACS level?
Which scheme under the Ministry of Food Processing Industries supports the creation of godowns at the PACS level?
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Study Notes
World's Largest Grain Storage Plan in Cooperative Sector
- The National Level Coordination Committee for the plan held its first meeting in Delhi, reviewing the status of the pilot project in 11 states.
Features of the Plan
- Launched in 2023, the plan aims to create agri infrastructure at Primary Agricultural Credit Societies (PACS) level, including warehouses, custom hiring centers, processing units, and Fair Price Shops.
- The plan targets to raise India's foodgrain storage capacity by 700 lakh tonnes in the cooperative sector.
- The financial outlay for the plan is ₹1 trillion.
- The plan involves creating decentralized storage capacity ranging from 500 MT to 2000 MT at PACS level.
Implemented through Government Schemes
- The plan is being implemented by utilizing approved outlays of various government schemes, including:
- Agriculture Infrastructure Fund (AIF)
- Agricultural Marketing Infrastructure Scheme (AMI)
- Mission for Integrated Development of Horticulture (MIDH)
- Sub-Mission on Agricultural Mechanization (SMAM)
- Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme (PMFME)
- Pradhan Mantri Kisan Sampada Yojana (PMKSY)
Interest Subvention and Inter-Ministerial Committee
- Interest subvention of 3% under Agriculture Infrastructure Fund will be dovetailed with subsidies available under identified schemes.
- An Inter-Ministerial Committee (IMC) has been formed with the Home and Cooperation Minister as its chairman to oversee the implementation of the plan.
National Level Coordination Committee (NLCC)
- The NLCC, under the chairmanship of the Secretary (Ministry of Cooperation), will steer the overall implementation and review progress of the plan.
- In the next 5 years, storage will expand to 2,150 lakh tonnes, ensuring food security across the country.
Benefits to Farmers
- Farmers can store their produce in godowns constructed at PACS and avail bridge finance for the next cycle of crops.
- Farmers can sell their produce at a time of their choice or sell their whole crop to PACS at Minimum Support Price (MSP), avoiding distress sales.
- Farmers can get up to 70% loans from these societies and receive various agri inputs and services at the Panchayat/village level.
- Diversification of business will provide additional sources of income for farmers.
- Integration with the food supply management chain will expand the market size and realize better value for their produce.
- Reduction of post-harvest loss will enable farmers to earn better prices.
Ministry of Cooperation
- The Ministry of Cooperation has launched the world's largest grain storage plan in the cooperative sector.
World's Largest Grain Storage Plan in Cooperative Sector
- The plan aims to create various agri-infrastructure at Primary Agricultural Credit Societies (PACS) level, including warehouses, custom hiring centers, processing units, and Fair Price Shops.
- The target is to raise India's foodgrain storage capacity by 700 lakh tonne in the cooperative sector.
- The financial outlay for the project is ₹1 trillion.
Implementation Details
- The plan is being implemented in 11 states, including UP, MP, Rajasthan, Gujarat, Maharashtra, Tamil Nadu, Karnataka, Assam, Tripura, Uttarakhand, and Telangana.
- The project will be extended to 500 additional PACS with the support of state governments, NCCF, National Buildings Construction Corporation (NBCC), and others.
- The pilot project is being implemented by National Cooperative Development Corporation (NCDC) with the support of NABARD, Food Corporation of India (FCI), Central Warehousing Corporation (CWC), NABARD Consultancy Services (NABCONS), and state governments.
Key Features
- Decentralized storage capacity ranging from 500 MT to 2000 MT will be created at PACS level.
- The project will utilize approved outlays from various government schemes, including Agriculture Infrastructure Fund (AIF), Agricultural Marketing Infrastructure Scheme (AMI), Mission for Integrated Development of Horticulture (MIDH), Sub-Mission on Agricultural Mechanization (SMAM), Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme (PMFME), and others.
Ministerial Committee
- A Ministerial Committee (IMC) has been formed with the Home and Cooperation Minister as its chairman and other ministers and officers concerned as members.
- The committee will oversee the implementation of the project.
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Description
Launched in 2023, this plan aims to create agri infrastructure at Primary Agricultural Credit Societies (PACS) level. It targets to raise India's foodgrain storage capacity and improve agricultural infrastructure.
