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World’s Largest Grain Storage Plan in Cooperative Sector

Union cabinet has cleared a Rs 1 trillion scheme to increase food grain storage capacity in the cooperative sector.

Why in news?

Union cabinet has cleared a Rs 1 trillion scheme to increase food grain storage capacity in the cooperative sector.

About the Scheme

  • This will be world’s largest grain storage plan in the cooperative sector.
  • It will let cooperatives set up decentralised storage facilities across the country.
  • It will lead to a creation of infrastructure such as godowns, etc. for Agriculture and Allied purposes, at selected ‘viable’ Primary Agricultural Credit Societies (PACS).

Read also:- Black Sea Grain Deal

Significance of Scheme

  • Creation of decentralized storage capacity at the local level would reduce food grain wastage and strengthening food security of the country.
  • By providing various options to the farmers, it would prevent distress sale of crops.
  • It would hugely reduce the cost incurred in transportation of food grains to procurement centres.

Conclusion

The establishment of the world’s largest grain storage plan in the cooperative sector marks a significant milestone in the agricultural industry. This ambitious project demonstrates the commitment to efficient storage and management of grains, enhancing food security and promoting cooperative efforts.

Read also:- Cooperative Federalism vs Competitive Federalism in India

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