National Level Coordination Committee for World’s Largest Grain Storage Plan held its first meeting in Delhi

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Committee reviewed the implementation status of World's Largest Grain Storage Plan in Cooperative Sector.

Initiated by Ministry of Cooperation as a pilot project in 2023 across 11 states.
Implemented by National Cooperative Development Corporation with support of NABARD, Food Corporation of India (FCI), Central Warehousing Corporation (CWC), NABARD Consultancy Services, National Buildings Construction Corporation.
Aims to develop agricultural infrastructures at Primary Agricultural Cooperative Societies level including warehouses, fair price shops (FPS) etc. through convergence of various existing schemes including-
- Agriculture Infrastructure Fund, Agricultural Marketing Infrastructure Scheme, Sub Mission on Agricultural Mechanization, Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme etc.
Benefits of Plan
- Ensuring food security.
- Help in reduction of post-harvest loss, thus enabling farmers to earn better prices.
- Minimizes transportation costs between procurement centres, warehouses, and FPS.
- Prevention of distress sale by farmers at low rates.

Private Entrepreneur Guarantee scheme for augmenting food storage capacity through private participation.
Negotiable Warehouse Receipt (NWRs) issued by Warehousing Development and Regulatory Authority help farmers to seek loans from banks against NWRs to avoid distress sales of agricultural produce.

FCI is nodal agency responsible for procurement, storage and movement of food grains, public distribution and maintenance of buffer stocks.
- FCI, setup under Food Corporation’s Act 1964, works under Ministry of Consumer Affairs, Food and Public Distribution.
CWC established under Warehousing Corporations Act, 1962 for warehousing of agricultural produce and other notified commodities.

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