Correct Answer : Narendra Modi
PM Narendra Modi launched the world's largest grain storage plan in the cooperative sector, for farmers on Saturday (24th Feb 2024). He informed that that 700 lakh tonne storage capacity will be created in the next five years, with an investment of ?1.25 lakh crore. Under the scheme, thousands of warehouses and godowns will be constructed across the country.
On Saturday (25th Feb 2024), Modi inaugurated 11 godowns set up by 11 primary agricultural credit societies (PACS) across 11 states.
He also laid the foundation for creating godowns and other agri infrastructure in 500 more PACS. He also inaugurated a project for computerisation of 18,000 PACS across the country.
World’s Largest Grain Storage Plan
* Inauguration : PM Modi inaugurated the pilot project for the ‘World’s Largest Grain Storage Plan in Cooperative Sector’, covering 11 Primary Agricultural Credit Societies (PACS) across 11 States.
* Objective : The initiative aims to integrate PACS godowns into the food grain supply chain, bolstering food security and fostering economic development.
* Support : Supported by NABARD and led by the National Cooperative Development Corporation (NCDC), the project converges various schemes including the Agriculture Infrastructure Fund (AIF) and Agriculture Marketing Infrastructure (AMI).
Expansion of PACS and Agri Infra
* Foundation Stone Laying : PM Modi laid the foundation stone for an additional 500 PACS nationwide, facilitating the construction of godowns and agricultural infrastructure.
* Collaborative Effort : PACS participating in the project will benefit from subsidies and interest subvention under existing schemes.
* Objective : The initiative aims to integrate PACS into the broader agricultural framework, enhancing efficiency and resilience.
Digital Transformation of PACS
* Inauguration of Project : PM Modi inaugurated a project for the computerization of 18,000 PACS across the country.
* Financial Outlay : With a budget exceeding Rs 2,500 crore, the initiative involves transitioning functional PACS onto a unified Enterprise Resource Planning (ERP) based national software.
* Linkage : By linking PACS with NABARD through State Cooperative Banks and District Central Cooperative Banks, the project aims to enhance operational efficiency and governance, benefiting small and marginal farmers.
