Farmers may promote their crops to Primary Agricultural Credit Societies by receiving some advance cost on the Minimum Support Price. File
| Photo Credit: The Hindu
The Union Cabinet on Wednesday authorised the structure and empowerment of an Inter-Ministerial Committee (IMC) for facilitation of the “world’s largest grain storage plan in cooperative sector” by convergence of assorted schemes of the Ministries of Agriculture and Farmers Welfare, Consumer Affairs, Food and Public Distribution and Food Processing Industries.
A authorities assertion stated that to guarantee well timed and uniform implementation of the plan in an expert method, the Ministry of Cooperation would implement a pilot project in at the very least 10 chosen districts of various States.
The committee will probably be chaired by Cooperation and Home Minister Amit Shah. It will lay pointers for creation of infrastructure resembling godowns, for agriculture and allied functions, at chosen ‘viable’ Primary Agricultural Credit Societies (PACS).
The plan can be applied by utilising the accessible outlays supplied underneath the recognized schemes of the respective Ministries.
Welcoming the choice, Mr. Shah stated in a tweet, “Lack of agricultural storage capacity leads to wastage of food grains and farmers are forced to sell their crops at low prices. With this decision, farmers will now get modern grain storage facilities in their blocks through PACS, so that they will be able to get fair price for their grains.”
He stated PACS had been an vital pillar of the agricultural financial system. “With this plan, the country will get food security and crores of farmers associated with cooperatives will be benefited. This plan will enable PACS to not only provide storage facilities but also undertake many other activities, such as Fair Price Shop and Custom Hiring Centres,” he stated.
The assertion stated that farmers may promote their crops to PACS by receiving some advance cost on the Minimum Support Price, and get the stability after the PACS offered the meals grains in the market. Farmers would additionally give you the option to retailer their crops in the warehouses managed by PACS and get finance for the following crop cycle and promote their crops on the time of their selection or may promote their total crop to PACS at minimal help value.
