PM Modi launched the largest grain storage program entailing an investment of Rs.1.25 lakh crores.
The PM launched the world's largest grain storage plan in the cooperative sector, with the inauguration of 11 godowns in primary agricultural credit societies (PACs) in as many states.
Under the program, 700 lakh ton of storage capacity will be created over the next five years in the cooperative sector by constructing thousands of godowns and warehouses.
* He also laid the foundation for creating godowns and other agri-infrastructure in 500 more PACs.
* Under the scheme, thousands of warehouses and godowns will be constructed across the country.
* He also inaugurated a project for computerisation of 18,000 PACs across the country.
* Farmers would now be able to store their produce in the godowns and warehouses, get institutional credit against it and sell their items when market prices are remunerative.
* Multi-State Cooperative Societies Act has been amended and PACs are being computerised.
* Modi referred to former producer organisations (FPOs) , he said small farmers are becoming
entrepreneurs and even exporting their produce.
* In the next five years, the target is to set up 2 lakh PACs and the maximum will be in the fishery and
allied farm sectors.
* The scheme aims to create storage capacity for storing 100% of India's grain production. It aims to
seamlessly integrate PACs godowns with the food grain supply chain, with a collaborative effort of
NABARD and spearheaded by the National Cooperative Development Corporation (NCDC).
The initiative is being implemented through the convergence of various existing schemes like the Agriculture Infrastructure Fund (AIF), Agriculture Marketing Infrastructure (AMI), etc to enable PACs participating in the project avail subsidies and interest subvention benefits for undertaking infrastructure development.
Tailpiece.
Got up around 4; after a wash recited my prayers. Woke up at a half past 5, the chores and was ready by a quarter to 9. Did the 'aarathi' on Ambalappuzha Krishnan after my Kalpar days.
Was at the Foundation by a half past 9. Girija looked after my tea requirements.
Massive power interruption twice. Went to the Animation Centre: booked the auditorium and had lunch.
A long chat with Dr Kamalasanan Pillai sir.
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