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In a significant move aimed at revolutionizing the agricultural landscape, Prime Minister Narendra Modi inaugurated 11 storage facilities for grains in primary agricultural credit societies (PACS) across 11 states. This initiative is part of the government’s ambitious ‘World’s Largest Grain Storage Plan’ in the cooperative sector.
Expansion plans across 500 PACS nationwide to support storage plans
The Prime Minister also marked the occasion by laying the foundation stone for an additional 500 PACS nationwide. These new PACS will play a crucial role in constructing warehouses and enhancing agricultural infrastructure to support the grain storage plan.
Tech upgrade for 18,000 PACS
In a parallel development, Modi inaugurated a comprehensive project for the computerization of 18,000 PACS throughout the country. This technological upgrade is expected to streamline operations and ensure efficient management of agricultural resources.
Integration into food grain supply chain
The overarching goal of these initiatives is to seamlessly integrate PACS godowns into the national food grain supply chain. The collaborative efforts of the National Bank for Agriculture and Rural Development (NABARD) and the National Cooperative Development Corporation (NCDC) will be instrumental in achieving this integration.
PM Modi emphasizes role of cooperative sector
Addressing a gathering at the inauguration event, Prime Minister Modi highlighted the pivotal role of the cooperative sector in bolstering the economy and fostering development in rural areas. He expressed enthusiasm about the launch of the world’s largest storage scheme for farmers, envisioning the construction of numerous warehouses and godowns nationwide.
“Today we have launched the world’s largest storage scheme for our farmers. Under this, thousands of warehouses and thousands of godowns will be constructed across the country,” the Prime Minister declared.
Cooperative sector is instrumental in shaping a resilient economy and propelling the development of rural areas. https://t.co/CmN4eEkGbJ
— Narendra Modi (@narendramodi) February 24, 2024
Reducing import dependence
In a call to action, Prime Minister Modi urged the cooperative sector to contribute towards reducing India’s dependency on imported agricultural products, including edible oils and fertilizers. The emphasis on self-sufficiency aligns with the broader goal of strengthening the agricultural sector and ensuring food security in the country.
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