Why In News?
The Union Cabinet of India has approved the “World’s Largest Grain Storage Plan in Cooperative Sector”.
Key Points Of The Scheme
- The new scheme aims to bridge the production and storage gap by significantly increasing storage capacity and reducing wastage.
- With the current grain storage capacity at approximately 1,450 lakh tonnes, this scheme seeks to add 700 lakh tonnes of storage over the next 5 years.
- The government will make an allocation of approximately Rs 1 lakh crore for the scheme.
- There shall be establishment of godowns with a capacity of 2000 tonnes at the level of Primary Agricultural Credit Societies (PACS) in every block.
- Funds have already been allocated for the existing infrastructure schemes that will converge under the program.
- Ministry of Cooperation will implement a pilot project in at least 10 selected districts.
The world’s largest grain storage scheme aims to address global food security challenges through a significant endeavor. The scheme involves the construction of massive storage facilities designed to preserve and protect grains, ensuring their availability in times of need.
World’s largest Grain Storage Scheme