Latest news with #APICOL
Hans India
04-05-2025
- Business
- Hans India
Odisha govt signs MoUs for agri growth
Bhubaneswar: The Odisha government on Friday signed MoUs with four corporations for the development of agriculture and support to farmers for the 2025-26 financial MoUs were signed by the State Agriculture department with Odisha Agro-Industrial Corporation (OAIC), Odisha Agriculture Promotion and Capital Investment Corporation Limited (APICOL), Odisha State Seed Corporation Limited (OSSC) and Odisha State Cashew Development Corporation Limited (OSCDCL) in the presence of Deputy Chief Minister Kanak Vardhan Singh partnership with OSSC aims to strengthen the seed production and supply chain. The Agriculture department will further strengthen farmers by ensuring a timely supply of certified seeds, an official the collaboration, both parties will work together to promote seed replacement and varietal improvement through a coordinated farmer awareness this, a turnover target of Rs 56 crore has been set, the official said. Similarly, OAIC has set a target of purchasing 45,000 tonnes of fertiliser, and pesticides worth Rs 20 crore, 7,000 tractors, 1,000 power tillers and other agricultural machinery, The corporation will set up 5,200 electric-powered small lift irrigation projects, 4,800 solar-powered water tanks and 1,000 shallow tube well will also spend Rs 30 crore for construction work for the current financial year, and a total turnover of Rs 1,000 crore has been targeted for the corporation, the official said. The MoU with APICOL was signed to create 6,500 business enterprises and provide subsidies worth Rs 250 crore, of which Rs 200 crore is meant for Mukhyamantri Krushi Udyog Yojana (MKUY) and Rs 50 crore for a cold storage support scheme, he said. Accordingly, in the 2025-26 financial year, the Odisha State Cashew Development Corporation will take up 500 hectares of hybrid cashew replanting programme and maintenance of trees over more than 1.336.22 hectares to strengthen the cultivation in Odisha, the official said. In addition, it has a target to produce 35 lakhs hybrid cashew grafts from its existing 20 nurseries, he the programme, Singh Deo felicitated the managing directors of OAIC and APICOL for their outstanding performance in the last financial the letter of appreciation, he said all the affiliated corporations have shown excellent performance, and the path of progress should continue further. The Agriculture and Farmers Empowerment department is one of the prominent departments that has spent 94.7 per cent of the approved budget, Singh Deo said.'We are fully committed to the progress and development of farmers,' he added.
Time of India
02-05-2025
- Business
- Time of India
Agri dept signs MoUs with 4 corporations to boost farmer devpt
Bhubaneswar: The agriculture and farmers' empowerment department on Friday signed MoUs with four corporations for FY 2025-26 for development and welfare of farmers. The entities are Odisha Agro-Industrial Corporation (OAIC), Odisha Agriculture Promotion and Capital Investment Corporation Limited ( APICOL ), Odisha State Seed Corporation Limited (OSSC), and Odisha State Cashew Development Corporation Limited (OSCDCL). Tired of too many ads? go ad free now Deputy CM Kanak Vardhan Singh Deo, who holds the portfolio of agriculture and farmers' empowerment, was present during signing of the MoUs. "We are fully committed to the progress and development of farmers," he said. As per the deal, OAIC has set a target of purchasing 45,000 tonnes of fertilisers, organic fertilisers and pesticides worth Rs 20 crore, 7,000 tractors, 1,000 power tillers and other agricultural machinery. Additionally, it aims to implement 5,200 electric-powered small lift irrigation projects, 4,800 solar water tank projects, 1,000 shallow tube well projects, and allocate Rs 30 crore for construction this year. A total turnover of Rs 1,000 crore has been targeted. Similarly, the partnership with OSSC aims to strengthen the seed production and supply chain in the state. The department will further empower farmers by ensuring the timely supply of certified seeds. Under this collaboration, both parties will work together to promote seed replacement and varietal improvement through a coordinated farmer awareness campaign. For this, a turnover target of Rs 56 crore has been set. APICOL aims to create 6,500 business enterprises and provide subsidies worth Rs 250 crore. Out of this, Rs 200 crore is allocated for the Mukhyamantri Krushi Udyog Yojana (MKUY) and Rs 50 crore for the cold storage support scheme. Tired of too many ads? go ad free now In FY 2025-26, the OSCDCL will undertake a 500-hectare hybrid cashew re-plantation programme and maintain trees over more than 1,336.22 hectares to strengthen cashew cultivation. Additionally, it has set a target for the production of 35 lakh hybrid cashew grafts from its existing 20 clonal nurseries. Principal secretary of the department, Arabinda Kumar Padhee, was also present.
