World’s largest grain storage plan in the cooperative sector

GS-III | Agriculture

World’s largest grain storage plan in the cooperative sector 

Q. Why in News/Context :

·   The Union Cabinet approved forming and empowering an Inter-Ministerial Committee (IMC) to create the “world’s largest grain storage plan in the cooperative sector” by converging eight ongoing schemes of three ministries.

·      The Cabinet meeting was chaired by Prime Minister Narendra Modi.

·    It would be the world’s largest grain storage scheme in the cooperative sector with an outlay of around Rs 1 lakh crore.

Q. What are the Eight schemes that will be converged?

Q. What will be the benefits?

·   The “multi-pronged” plan aims to address not just shortage of agricultural storage infrastructure in the country by facilitating establishment of godown at the level of primary agricultural credit societies (PACS) but “would also enable PACS to undertake various other activities”.

·      These are roles such as functioning as procurement centres for state agencies or the Food Corporation of India (FCI); serving as fair price shops; setting up custom hiring centres; setting up common processing units, including assaying, sorting, grading units for agricultural produce, etc.

·    Further, creation of decentralized storage capacity at the local level would reduce grain wastage and (will) strengthen food security.

·     By providing various options to farmers, it would prevent distress sale of crops, thus enabling farmers to realise better prices for their produce.

·    It would hugely reduce the cost incurred in transportation of food grains to procurement centres and again transporting the stocks back from warehouses to FPS (fair price shops).

Test Yourself- IV

 

UPSC Mains PYQs

Q1. In the villages itself no form of credit organisation will be suitable except the cooperative society.” – All India Rural Credit Survey. Discuss this statement in the background of agricultural finance in India. What constraints and challenges do financial institutions supplying agricultural finance face? How can technology be used to better reach and serve rural clients?  (UPSC Mains 2014)

 

  • Other Related News
  • Geography Geography
    Eprakram
  • Important Essay
  • Geography Geography

    Quick Links


    A Case for Kerala's Missing Elephants

    A Case for Kerala's Missing Elephants

    Why in the news?Kerala's recent enumeration revealed that the wild elephant population has decreased from 5706 in 2017 to 2386 in 2023, registering a steep decline of 58% in the state.Possible reasons attributed to the decrease in the population:1
    Bharat (BH) Series Number plate

    Bharat (BH) Series Number plate

    1.       Bharat Series is a new numbering series that will be used for vehicle registration across the nation, especially for those vehicles that frequently shift from one state to another due to their owner’s tra
    Quiet Diplomacy Could Ease South China Sea Tensions

    Quiet Diplomacy Could Ease South China Sea Tensions

    What is Quiet Diplomacy?1.   “Quiet diplomacy” refers to one state’s efforts to influence the behaviour of another state through discreet negotiations or actions. 2.    It operates behind the scenes and may rely on&n
    Disaster Preparedness During Floods

    Disaster Preparedness During Floods

    Why in the News?·       High precipitation in the upper and lower catchment area of R.Yamuna has led to devastating floods in the National capital.·       The Central Water Co
    Indo-France Relations

    Indo-France Relations

    Indo-France Relations:1)      Convergence of Indo-pacific strategies of India and France●       France is a resident power in the Indian ocean with 2.7sq million km EEZ●   &n
    PM MODI's visit to the US - GAINS TO INDIA

    PM MODI's visit to the US - GAINS TO INDIA

    Why in the News?Prime Minister Narendra Modi visit to the USA has helped India showcase its Cultural heritage, Diplomatic prowess and its growing influence on the world stage.Key outcomes of the Diplomatic visit:1)      A
    CPI basket conceals the inflation picture

    CPI basket conceals the inflation picture

    Why in the News?India's consumer price index (CPI) inflation rose to 4.81% in June 2023, higher than expectations but still below the RBI's upper tolerance limit of 6%. The spike was driven by a less supportive base and a surge in vegetable prices
    A big step in reducing the risk of disasters

    A big step in reducing the risk of disasters

    Why in the news?India has established the first G20 Disaster Risk Reduction Working Group.What is the rationale behind its establishment?The consequences of climate change are resulting in devastating disasters across the world.●    &n
    Custodial Violence

    Custodial Violence

    Why in the News?Two persons have allegedly died of custodial violence in Delhi and Faridabad in separate cases.Custodial Violence & death:●       Includes torture, death and other excesses in police custody or
    Migration In India

    Migration In India

    Why in the News?The Bombay High Court has taken Suo motu cognisance of exploitation of intra-state migrant workforce in Maharastra (MH).What is the background of the issue?1.    People from Drought-affected and water-scarce regions of Ma