PM Modi Unveils Ambitious Plan for Worlds Largest Grain Storage Scheme

PM Modi Unveils Ambitious Plan for Worlds Largest Grain Storage Scheme

Asif Iqbal | February 24, 2024 | 05:55 PM IST | Politics | Follow on Google News

PM Modi Unveils Ambitious Plan for Worlds Largest Grain Storage Scheme….image/HT

PM Modi Unveils Ambitious Plan for Worlds Largest Grain Storage Scheme

In a groundbreaking move for India’s agricultural sector, Prime Minister Narendra Modi launched the world’s largest grain storage scheme in the cooperative sector. The ambitious plan aims to create a storage capacity of 700 lakh tonnes over the next five years, with a staggering investment of ₹1.25 lakh crore.

Inauguration of 11 Godowns Marks the Beginning

Over the weekend, PM Modi inaugurated 11 godowns established by 11 primary agricultural credit societies (PACS) across 11 states. This kickstarts the implementation of the comprehensive scheme, which includes the construction of thousands of warehouses and godowns throughout the country. The Prime Minister emphasized the importance of addressing the longstanding issue of insufficient storage infrastructure, attributing past challenges faced by farmers to this negligence.

Empowering Farmers and Strengthening Cooperatives

Underlining the significance of the initiative, Modi highlighted that farmers would now have the ability to store their produce in these newly established facilities. This, in turn, enables them to obtain institutional credit against stored goods and sell their products at favorable market prices. The Prime Minister urged cooperative organizations to play a pivotal role in reducing the nation’s dependence on food imports, suggesting a strategic plan for local production.

Transformative Vision: “Sahakar se Samridhi”

PM Modi shared insights into the government’s decade-long efforts to boost the cooperative sector, aligning with the vision of “Sahakar se Samridhi” (Prosperity through Cooperation). He acknowledged the establishment of a dedicated ministry for cooperatives, emphasizing transparency in the election system within these organizations. Modi also commended the success of farmer producer organizations (FPOs), noting their global recognition and impact on sectors like fishery and animal husbandry.

The Strategic Goals of the World’s Largest Grain Storage Scheme

The overarching goal of the scheme is to create storage capacity for 100% of India’s grain production. It envisions seamless integration of PACS godowns into the food grain supply chain, facilitated by collaborative efforts involving NABARD and led by the National Cooperative Development Corporation (NCDC). The scheme leverages existing initiatives like the Agriculture Infrastructure Fund (AIF) and Agriculture Marketing Infrastructure (AMI) to provide subsidies and interest subvention benefits for infrastructure development in participating PACS.

As India embarks on this unprecedented venture, PM Modi’s vision for agricultural transformation stands as a testament to the government’s commitment to the welfare and prosperity of its farming community.

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Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.