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World’s Largest Grain Storage Plan in the Cooperative Sector
June 5 , 2023
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- The Union cabinet cleared a ₹1 trillion scheme to increase foodgrain storage capacity by 70 million tonnes in the cooperative sector.
- This will be world’s largest grain storage plan in the cooperative sector.
- The plan will let cooperatives set up decentralised storage facilities across the country.
- It will likely to reduce the burden on Food Corp of India (FCI), cut wastage of farm produce and help farmers plan their sales better.
- The plan is to converge existing schemes of the ministries of Ministries of Agriculture and Farmers Welfare, Consumer Affairs, Food and Public Distribution and Food Processing Industries.
- The Ministry of Cooperation would implement a pilot project in at least 10 selected districts of different States.
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