Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India approves world's largest food storage scheme in co-operative sector at the cost of Rs 1 lakh c.


Date: 01-06-2023
Subject: India approves world's largest food storage scheme in co-operative sector at the cost of Rs 1 lakh c
The government will bring a policy for world's biggest food grain storage scheme under the cooperative societies sector, minister Anurag Thakur told media following a Cabinet briefing on Tuesday.

Thakur termed the proposed scheme as the "world's largest foodgrain storage programme" in the cooperative sector.

The government will make an allocation of approximately Rs 1 lakh crore towards it, it was announced.

Under this scheme, a godown of a capacity of 2000 tonnes will be constructed in every block. An inter-ministerial committee will be formed for this.

This is part of a plan to expland foodgrain storage facilities in the country, the minister said. This will boost the cooperative sector, he added.

The programme aims to raise India's foodgrain storage capacity by 700 lakh tonne in the cooperative sector. Currently, the grain storage capacity in the country is about 1,450 lakh tonne.

In the next five years, the storage will expand to 2,150 lakh tonne. The storage capacity will be increased in the cooperative sector, the minister announced.

Thakur said the move is aimed to reduce the damage of food grains due to a lack of storage, help in checking distress sales by farmers, reduce import dependence and create employment opportunities in rural India.

This will boost food security in India, apart from helping farmers realise better prices for their goods. Earlier, farmers at times had to sell their wares in a hurried manner owing to climate-related vagaries, the minister said.

India has 65,000 agricultural cooperative societies.

The new move will be a win-win for both agricultural societies and farmers as well as consumers, the minister said. The farmers, apart from storing their produce in the facilities, will also be able to get up to 70% loans from these societies.


This will lead to significant savings in transportation costs, he observed.

India produces about 3,100 lakh tonne of foodgrains a year. The country's current godown facilities can store only up to 47 per cent of the produce.

A decision was also taken to start City Investments to Innovate, Integrate and Sustain - CITIIS 2.0 program at the same briefing.

Source Name:Economic Times
 

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001