New Delhi: The Prime Minister, Shri Narendra Modi today inaugurated and laid the foundation stone of multiple key initiatives for the Cooperative sector at Bharat Mandapam, New Delhi.
The Prime Minister inaugurated the pilot project of ‘World’s Largest Grain Storage Plan in Cooperative Sector’, which is being done in 11 Primary Agricultural Credit Societies (PACS) of 11 States.
Shri Modi 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).
This initiative is being implemented through the 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.
Speaking on the occasion the Prime Minister noted that Bharat Mandapam is witnessing another milestone in the journey of Viksit Bharat i.e. a step forward in the direction of ‘Sahkaar se Samriddhi’.
The power of cooperation has a huge role in strengthening the foundation of agriculture and farming, this has led to a separate Ministry for Cooperation.
He said that the ‘World’s Largest Grain Storage Plan in Cooperative Sector’ launched today will result in thousands of warehouses and godowns in every corner of the country. This and other projects like the computerization of PACs will give new dimensions to agriculture and modernize farming in the country.
