Prime Minister Narendra Modi on Saturday unveiled world\u2019s largest grain storage scheme in the history of the cooperative sector for farmers. He said that a Rs 1.25 lakh crore investment will be made over the next five years to develop a 700 lakh tonne storage capacity. Thousands of godowns and warehouses will be built across the country as part of the plan.
PM Modi also inaugrated the 11 godowns that were established by the 11 primary agricultural credit societies (PACS) in the 11 states on Saturday.
Additionally, he laid the foundation stone for 500 more PACS to have godowns and other agricultural infrastructure built. Further, he launched a nationwide project for computerisation of 18,000 PACS.<\/p>\n\n\n\n
During the launch, PM modi also addressed the country and the audience gathered there. He said, they have introduced the largest storage program in the world for our farmers today. Thousands more godowns and warehouses would be built nationwide as a result of this, he said.<\/p>\n\n\n\n
The Prime Minister slammed previous governments for failing to build the nation’s storage infrastructure, which caused farmers to incur enormous losses.<\/p>\n\n\n\n
In his speech, the PM also said, this issue never received the proper attention from previous governments. But this issue is being addressed now with PACS. In the next five years, 700 lakh tonnes of storage capacity will be built as part of the largest food grain storage initiative in the world. More than Rs 1.25 lakh crore will be spent on this project, PM Modi said.<\/p>\n\n\n\n
Farmers would now be allowed to store their produce in godowns and warehouses, obtain institutional credit against it, and sell their goods at market rates that are profitable, according to the prime minister.
The PM called on cooperative organizations to work on lowering food imports, particularly those of fertiliser and edible oils and pulses. He recommended that cooperatives compile a list of goods that India imports and devise a plan to manufacture or produce them there.<\/p>\n","protected":false},"excerpt":{"rendered":"
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