Latest news with #AgricultureInfrastructureFund
United News of India
4 days ago
- Business
- United News of India
Involve more PACS to develop cooperative supply chain, Shah to States
New Delhi, Jun 2 (UNI) Union Home Minister and Minister of Cooperation, Amit Shah, on Monday said to develop a complete cooperative supply chain, states and cooperative marketing federation should involve as many Primary Agricultural Credit Societies (PACS) as possible at their level. Shah chaired a review meeting of the world's largest cooperative food grain storage scheme here, an official statement said here. Addressing the meeting, Shah said that the world's largest food grain storage scheme is a big step towards realising the vision of Prime Minister Narendra Modi of 'Sahkar Se Samriddhi'. He said that there are two major parameters to measure economic progress in India—Gross Domestic Product (GDP) and employment generation. The food storage scheme is meant to strengthen both these aspects, which aims to increase the income of PACS as well as create rural employment opportunities, he pointed. He emphasised the need for immediate action to improve the financial condition of PACS by extending the loan period under the Agriculture Infrastructure Fund (AIF). Emphasising on the extensive involvement of PACS in the food storage scheme, the Minister of Cooperation said that it is necessary to make PACS an integral part of this scheme so that the financial viability and social effectiveness of PACS can be ensured. He directed the Ministry of Food and Public Distribution and Food Corporation of India to conduct national level mapping of warehouses across the country so that the implementation of the scheme can be done smoothly according to regional requirements. Shah also instructed FCI, NCCF, NAFED and State Warehousing Corporations to connect PACS with as many warehouses as possible. It was also decided in the meeting that States should involve more PACS at their level in the scheme, and the State level Marketing Federations should also be linked with it so as to develop a complete cooperative supply chain. Shah called upon all the organisations to coordinate and implement the scheme in a timely and effective manner so that this scheme proves to be a milestone in achieving the goal of 'Atmanirbhar Bharat' and 'Sahkar Se Samriddhi'.
Hindustan Times
20-05-2025
- Business
- Hindustan Times
Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials
Uttar Pradesh chief minister Yogi Adityanath has directed officials to boost the income and ensure economic empowerment of small and marginal farmers in the state through Mukhyamantri Krishak Samriddhi Yojana. Chairing a review meeting of the cooperative department here on Monday, the CM said, 'Increasing the income of small and marginal farmers as well as ensuring transparency and efficiency in the implementation of the cooperative schemes should be top priorities of the department.' The detailed framework of the ambitious Mukhyamantri Krishak Samriddhi Yojana was presented during the review meeting. Lauding the scheme as visionary and farmer-centric, Yogi called for active involvement of NABARD and cooperative banks in its effective implementation. 'The state government is continuously working to relieve farmers of debt, enhance agricultural productivity and promote self-reliance. Providing farmers with easy access to loans at affordable interest rates must be a key priority. The proposed scheme is expected to be a significant step toward achieving these goals,' he said. The CM stressed the importance of timely and efficient execution of the schemes. He instructed officials to focus on expanding the loan distribution capacity of cooperative banks, modernising bank branches through financial support, and streamlining access to credit for farmers. A comprehensive proposal for the scheme should be prepared soon, Yogi said. During the meeting, the CM also made a detailed review of the cooperative sector and told the officials to strengthen the role of cooperative institutions. According to the data presented in the meeting, loan disbursement by the Uttar Pradesh Cooperative Bank Limited has grown from ₹9,190 crore in 2017 to ₹23,061 crore in 2025, with the bank recording a net profit of ₹100.24 crore. During the same period, the total business of District Cooperative Banks rose from ₹28,349 crore to ₹41,234 crore, with a net profit of ₹162 crore. Over the past eight years, crop loans amounting to ₹11,516 crore and long-term loans worth ₹393 crore have been distributed across the state. Additionally, 34.45 lakh metric tons of fertilisers were distributed, 25.53 lakh metric tons of paddy were procured, and 1.94 lakh metric tons of pulses and oilseeds were purchased. Under the Agriculture Infrastructure Fund (AIF) scheme, 375 warehouses with a combined capacity of 37,500 metric tonnes have been constructed to enhance the state's storage capacity. Additionally, since 2017, 1,060 warehouses with a total capacity of 1,17,350 metric tonnes have been developed under the Rashtriya Krishi Vikas Yojana (RKVY). The construction of 100 new warehouses is planned for 2025–26. Furthermore, under the nation's largest grain storage scheme, warehouses with capacities ranging from 500 to 1,000 metric tonnes are proposed to be established at 24 B-PACS centres across 16 districts. Highlighting the need for further expansion in storage infrastructure, the CM directed the officials to prepare a suitable policy to encourage private sector participation. He also instructed them to bring about comprehensive reforms in the functioning of Pradeshik Cooperative Federation (PCF) and ensure timely payments to rice millers. To improve operational efficiency in the cooperative sector, the Yogi emphasised expediting the recruitment process for vacant banking and non-banking positions through IBPS and to ensure that cooperative institutions deliver services more efficiently and effectively. A discussion on the involvement of M-PACS committees in commercial activities was also held in the meeting. The officers informed the CM that the committees had been integrated with services such as PDS, Jan Aushadhi Kendras, CSCs, PM Kisan Samman Kendras and procurement under MSP. Under digital transformation scheme, computerization efforts are progressing in phases; 1,539 Multipurpose Primary Agricultural Credit Societies (M-PACS) committees are digitised in phase I, 1,523 in phase II and 2,624 in phase III. Regarding cybersecurity, the officers said the Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's CBS cloud platform, ensuring secure and streamlined banking operations. The CM reiterated to make cooperative institutions self-reliant and farmers' access to technology and credit. Marketing of the products should be top priority of the state government. He asserted that policy reforms must continue with the ultimate goal of empowering and enriching Uttar Pradesh's farmers through cooperation.
Time of India
19-05-2025
- Business
- Time of India
Yogi pushes for scheme to make farmers self-reliant
Lucknow: Chief Minister Yogi Adityanath on Monday gave directions to start ' Mukhyamantri Krishak Samridhi Yojana ' with the aim of increasing the income and economic empowerment of small and marginal farmers of the state. The outline of this ambitious scheme was presented in the review meeting of the cooperative department chaired by the CM on Monday. Yogi described the scheme as a "visionary" and "farmer-friendly" initiative. He also directed to ensure active participation of NABARD as well as cooperative banks in the proposed scheme. Yogi said that the state govt is constantly trying to free the farmers from the burden of debt, increase their agricultural productivity and make them self-reliant. "In such a situation, efforts should be made to provide easy loans to farmers at affordable rates. This scheme will prove to be an effective step in this direction," he said. The Chief Minister said that the implementation of the scheme should be effective and timely. For this, emphasis was laid on increasing the loan distribution capacity of cooperative banks, providing financial assistance for modernization of branches and ensuring ease of loan to farmers. He directed that a detailed proposal of the scheme should be prepared and submitted soon. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Дишащи мъжки сандали с анатомична подметка – усещане за свобода. ZAROTRAVEL® КУПИ СЕГА Undo Yogi reviewed the cooperative sector comprehensively and emphasized on making the role of cooperative institutions more effective. He especially pitched for increasing the income of small and marginal farmers, transparency and efficiency in the priorities of the cooperative sector. According to the details presented by the officials at the meeting, the loan disbursement of Uttar Pradesh Cooperative Bank Limited has increased from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while the net profit has increased to Rs 100.24 crore. During the same period, the total business of the District Cooperative Banks increased from Rs 28,349 crore to Rs 41,234 crore and the net profit was recorded at Rs 162 crore. In the last eight years, crop loan of Rs 11,516 crore and long-term loan of Rs 393 crore were distributed in the state. Fertilizer distribution was 34.45 lakh metric tonnes, paddy procurement was 25.53 lakh metric tonnes and pulses-oilseeds procurement was 1.94 lakh metric tonnes. According to the state govt, 37,500 metric tonnes of storage capacity has been developed by constructing 375 warehouses under the Agriculture Infrastructure Fund (AIF) scheme. Under the National Agriculture Development Scheme, a capacity of 1,17,350 metric tonnes has been created through 1,060 warehouses since 2017. Construction of 100 new warehouses is proposed in the year 2025-26. Apart from this, under the country's largest food storage scheme, warehouses of 500 to 1000 metric tonnes capacity are proposed at 24 centres in 16 districts. Expressing the need to further increase the storage capacity, the CM directed that an appropriate policy be prepared to ensure the participation of the private sector. The CM also asked to speed up the selection process through Institute of Banking Personnel Selection (IBPS) for quick recruitment of vacant banking and non-banking posts in the cooperative sector. This will improve the efficiency and quality of service of cooperative institutions. The participation of Multipurpose Primary Agricultural Credit Societies (M-PACS) in commercial activities also came up for discussion at the meeting. The CM was informed that they have been linked to activities like PDS, Jan Aushadhi, CSC, PM Kisan Samman Kendra and MSP. Under the progress of computerization, 1,539 M-PACS committees are being computerized in the first phase, 1,523 in the second phase and 2,624 in the third phase. Giving information about the steps taken in the field of cyber security, it was told that Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks of the state are being connected to NABARD's CBS cloud platform. The Chief Minister said that while making cooperative institutions self-reliant, farmers' access to technology, credit and marketing should be ensured. He said that making the farmers of the state prosperous and empowered through cooperation is the top priority of the govt, for which the sequence of policy reforms should be continued.
