25. New village storage scheme; cheaper loans to farmers against storage receipt
Status: The government is implementing the “World’s Largest Grain Storage Plan in Cooperative Sector” to decentralise the storage capacity at village-level primary agricultural credit societies (PACS). Under the pilot project, the government is creating a storage capacity at 1700 PACS; it aims to have one PACS in every village by 2027. Further, the govt. launched an online platform ‘e-Kisan Upaj Nidhi’ in March 2024 to let farmers avail loans at 7% interest rate for 6 months against agricultural produce stocked with godowns registered with Warehouse Development and Regulatory Authority. i ii iii iv