Thursday, August 8, 2013

India's Cold Storage Capacity at 418 Lakh MT

Recognizing the farmers’ need for storage to prevent compulsive sale at low prices and distress sale, the Government of India, Ministry of Agriculture launched a Central Sector Scheme ‘Grameen Bhandaran Yojana’ w.e.f. 01.04.2001. The objective of the scheme is to create scientific storage with allied facilities in rural areas to meet various requirements of farmers for storing their farm produce till the market prices are favorable and to prevent distress sale by creating the facility of pledge loan and marketing credit. Since the inception of the scheme w.e.f. 1/4/2001 and up to 30 June, 2013, 31679 godowns having a capacity of 418.37 lakh MT with a subsidy release of Rs.1115.53 crores have been sanctioned by NABARD & NCDC all over the country.  The scheme has been revised and made more attractive by allowing assistance to projects upto maximum capacity of 25,000 MT in North Eastern States with maximum ceiling on subsidy @ Rs.3.333 crores and upto 30,000 MT for other than North Eastern States with maximum ceiling on subsidy @ Rs. 3 crores.

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