India Approves World’s Largest Food Storage Scheme in Cooperative Sector, Investing Rs 1 Lakh Crore
In a significant move towards ensuring food security and boosting the cooperative sector, India has recently approved the implementation of the world’s largest food storage scheme. With an investment of Rs 1 Lakh Crore, this scheme aims to address the challenges of food scarcity and enhance the storage infrastructure in the country. The government’s decision to prioritize this initiative is poised to have far-reaching impacts on various sectors and contribute to the nation’s overall development.
The new scheme aims to create an extensive network of modern and efficient food storage facilities across the cooperative sector in India. By investing such a substantial amount, the government aims to strengthen the agricultural supply chain, minimize post-harvest losses, and ensure adequate storage capacity for perishable commodities. This move will not only benefit farmers by reducing their losses but also enable them to receive better prices for their produce.
One of the key objectives of this scheme is to establish an integrated value chain for agricultural products. By improving storage infrastructure, the government aims to streamline the distribution process and reduce wastage. This, in turn, will lead to a more efficient and resilient agricultural system, bolstering the nation’s food security.
The initiative also aligns with the government’s commitment to doubling farmers’ income by 2022. With improved storage facilities, farmers will have greater control over their produce and better opportunities to access markets at the right time, fetching fair prices. Additionally, the scheme will facilitate the integration of technology and innovation in the cooperative sector, thereby modernizing the entire agricultural ecosystem.
Why this News is important:
The approval of the world’s largest food storage scheme in the cooperative sector carries immense importance for India’s agricultural and economic development. This section explores the key reasons why this news holds significance.
Boosting Food Security
By investing Rs 1 Lakh Crore in enhancing storage infrastructure, the scheme aims to address the challenges of food scarcity and bolster food security in the country. It will enable the efficient storage and distribution of agricultural produce, ensuring a steady supply of food to meet the growing demands of the population.
Minimizing Post-Harvest Losses
One of the critical issues faced by farmers is the significant loss of crops after harvest due to inadequate storage facilities. This scheme aims to minimize post-harvest losses by establishing modern and efficient storage facilities across the cooperative sector. This will help farmers preserve their produce and reduce financial losses, ultimately improving their livelihoods.
Empowering Farmers
The scheme will empower farmers by providing them with better market access and control over their produce. With improved storage facilities, farmers can store their harvest until market conditions are favorable, allowing them to fetch better prices for their agricultural products. This empowerment will contribute to the government’s goal of doubling farmers’ income by 2022.
Historical Context:
To understand the significance of the world’s largest food storage scheme in the cooperative sector, it’s essential to delve into its historical context. This section provides background information related to the news story and highlights any relevant history or related events.
Cooperative Sector in India
India has a long history of cooperative movements aimed at empowering farmers and improving their socio-economic conditions. The cooperative sector plays a vital role in various aspects of agriculture, including production, marketing, and storage. Over the years, the government has recognized the importance of the cooperative sector in agricultural development and has implemented numerous initiatives to support its growth.
Challenges in Food Storage
Inadequate storage infrastructure has been a persistent challenge for India’s agricultural sector. Insufficient cold storage facilities, lack of modern warehouses, and improper preservation methods have resulted in substantial post-harvest losses. Recognizing this issue, the government has been working towards improving storage facilities to ensure food security and enhance the income of farmers.
Prioritizing Food Security
India’s growing population and changing dietary patterns have increased the demand for food. Ensuring food security has become a critical objective for the government. Various initiatives, including the implementation of food storage schemes, have been undertaken to strengthen the agricultural supply chain and minimize wastage. The world’s largest food storage scheme in the cooperative sector is a significant step in this direction.
Key Takeaways from “India Approves World’s Largest Food Storage Scheme in Cooperative Sector, Investing Rs 1 Lakh Crore”
| Serial Number | Key Takeaway |
|---|---|
| 1 | Investment of Rs 1 Lakh Crore approved for the world’s largest food storage scheme in the cooperative sector. |
| 2 | The scheme aims to create modern and efficient storage facilities across the cooperative sector, addressing food scarcity and reducing post-harvest losses. |
| 3 | Improved storage infrastructure will strengthen the agricultural supply chain, empower farmers, and enhance their income. |
| 4 | The scheme aligns with the government’s commitment to doubling farmers’ income by 2022 and prioritizing food security. |
| 5 | By streamlining distribution processes and reducing wastage, the scheme will contribute to a more efficient and resilient agricultural system. |
Important FAQs for Students from this News
Q: What is the objective of the world’s largest food storage scheme in the cooperative sector?
A: The objective of this scheme is to enhance storage infrastructure, minimize post-harvest losses, and ensure food security in India.
Q: How much investment has been approved for the scheme?
A: The scheme has received approval for an investment of Rs 1 Lakh Crore.
Q: Who will benefit from the scheme?
A: The scheme aims to benefit farmers by reducing their losses, empowering them with better market access and control over their produce.
Q: What is the significance of the scheme in the context of India’s agricultural sector?
A: The scheme holds significance in terms of improving the agricultural supply chain, reducing wastage, and contributing to the government’s goal of doubling farmers’ income by 2022.
Q: How will the scheme impact food security in India?
A: By establishing modern and efficient storage facilities, the scheme will help ensure a steady supply of food, thus enhancing food security in the country.
Some Important Current Affairs Links
