World's Largest Grain Storage Plan in Cooperatives Piloted Across 11 States

New Delhi: Today, Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for several significant initiatives within the Cooperative sector at Bharat Mandapam, New Delhi. Among these initiatives was the launch of the pilot project for the 'World's Largest Grain Storage Plan in the Cooperative Sector,' implemented in 11 Primary Agricultural Credit Societies (PACS) across 11 States.

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The Prime Minister also laid the foundation stone for an additional 500 PACS across the country for the construction of godowns & other agri infrastructure under this initiative. This initiative aims to seamlessly integrate PACS godowns with the food grain supply chain, fortifying food security and fostering economic development in the country with a collaborative effort supported by NABARD and spearheaded by the National Cooperative Development Corporation (NCDC).

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This initiative is being implemented through convergence of various existing schemes like the Agriculture Infrastructure Fund (AIF), Agriculture Marketing Infrastructure (AMI), etc. to enable PACS participating in the project to avail subsidies and interest subvention benefits for undertaking infrastructure development.

The Prime Minister also inaugurated a project for computerization in 18,000 PACS across the country, aligning with the government's vision of "Sahakar se Samridhi" aimed at rejuvenating the cooperative sector and empowering small and marginal farmers.

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