Balaghat, Madhya Pradesh, has been selected as the pilot district under the World’s Largest Grain Storage Plan in the Cooperative Sector.
A 500 Metric Tonne (MT) godown was constructed at the Primary Agricultural Credit Society (PACS) level in Parswada.
The project is implemented through the convergence of schemes like the Agriculture Infrastructure Fund (AIF) and the Agricultural Marketing Infrastructure (AMI) Scheme.
Under AIF, PACS receive interest subvention on loans for building storage infrastructure.
The subsidy for PACS under AMI has been increased to 33.33 %.
The initiative aims to reduce post-harvest losses and prevent distress sales by farmers through decentralised storage facilities.