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Thursday, June 24th, 2021

Enable farmers to avail better credit facilities from banks : Thomas

INVC,, Delhi,, The Centre has decided to create a Special Purpose Vehicle to undertake studies of food grain storage, handling and its transport. It will also assess cold chain infrastructure requirements and will endeavour private sector participation in creation of such facilities. A comprehensive study is also being undertaken by the Planning Commission to suggest measures for creation of modern food grain storage infrastructure in the country. This was stated by Prof. K.V.Thomas, Minister for Consumer Affairs, Food & Public Distribution inaugurating the national Conference on Policy for Storage of Food Grains here today. Apprising of steps taken by the Government to create additional storage capacity for food grains in the country, Shri Thomas said that his ministry has proposed creation of two million tonnes of additional storage through modern silos. This will be part of about 15 million tones of new storage capacity being created under Public Entrepreneurs Guarantee (PEG) scheme of FCI. Central Warehousing Corporation (CWC) is also creating 10,000 tonnes of temperature control storage facilities on pilot basis, the minister said. Shri Thomas said the Food Ministry has also recently constituted Warehousing Developing and Regulatory Authority (WDRA) to introduce negotiable warehousing receipt system in the country. This would enable farmers to avail better credit facilities from banks for their financial needs and creation of quality warehousing in the rural areas. Prof. K.V. Thomas recently had a series of Regional Conferences with the State Food Minister at Thiruvananthapuram, Kolkata, Mumbai and Delhi to review measures taken to control inflation and revamp public distribution system which include review and stocking of food grains. The day-long conference organized by the Ministry of Consumer Affairs, Food & Public Distribution in partnership with CWC and FICCI will also review handling and transportation facilities of food grains. The Conference would have plenary sessions on Review of the National Policy on Storage, Handling and Transportation of Food Grains and the Existing and Emerging Grain Storage Practices in India and financing Warehousing Infrastructure. The conference will review the current storage policy to accelerate warehousing development in the country and suggest a roadmap for future developments in the sector. The conference is being attended by representatives from warehousing and logistics companies in public and private sectors, commodity exchanges, banks & insurance agencies, policy makers, senior central & state government officials, and other stakeholders involved in warehousing development.



Users Comment

Haywood Dedeke, says on March 17, 2011, 7:50 AM

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