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NABARD Launches New Scheme to Advance Direct Loans

-Outlook


Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14.

"A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme has been named as 'NABARD Warehousing Scheme' 2013-14," Padma Ragunathan, Chief General Manager, HP Region told reporters here today.

Under the scheme, direct loans would be advanced to Public and Private sector for construction of Warehouses, Silos, cold storages and cold chain infrastructure.

She elaborated that the storage infrastructure projects of state government, state government undertaking, Cooperative, Federations, APMC's state level boards, private companies and private entrepreneurs will be provided loans under this scheme.

This fund will be utilised to bridge the gap between required and available capacity for scientific storage of agricultural produce in the state.

CGM stated that Himachal has limited requirement of rural godowns for foodgrain storage but being a horticulture state, producing apple and other fruit crops, there is an urgent need for creating adequate cold chain infrastructure including cold storages, close to production areas to minimise post harvest losses and ensure remunerative prices to the growers.

She urged the private companies, entrepreneurs and cooperatives to participate in the scheme to help build storage infrastructure in the state.

Padam further informed that funds under this scheme would be utilised for meeting the growing demand for storage capacity for agricultural commodities in the entire country and also in the wake of enactment of National Food Security Act 2013.