World’s Largest Grain Storage Plan in Cooperative Sector Initiates in Bihar
The World’s Largest Grain Storage Plan in Bihar involves 36 Primary Agricultural Credit Societies (PACS) approved by local committees. Utilizing existing central schemes like Agriculture Infrastructure Fund and Agricultural Marketing Infrastructure Scheme, the project aims to bolster grain storage capacity with a budget of Rs. 104.3 crores and offers subsidies to participating PACS. Loan support and NABARD refinancing significantly reduce financial burdens, enhancing local storage and reducing post-harvest losses for improved farmer profits and food security.
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