Bhubaneswar: Principal Secretary Cooperation, Sanjeev Chadha has said that an amount of Rs. 203657.25 lakh is proposed in the Annual Budget, 2023-24. Out of this, Rs. 14841.24 lakh is proposed under Establishment, Operation and maintenance Expenditure (EOM) and Rs.188816.01lakh is proposed under Program Expenditure.
Under Pradhan Mantri Fasal Bima Yojana to cover the risks of the farmers arising out of natural calamities and vagaries of nature and helps to stabilize their income, a sum of Rs.60000.00 lakh has been proposed under the scheme in B.E,2023-24.
IT-infrastructure, Computerization & e-Governance scheme is meant for development of computerized system for five directorates and different field offices functioning under the directorates and a sum of Rs.500.00 lakh has been proposed under the scheme in B.E,2023-24.
Financial Assistance for restructuring of MARKFED is for providing financial assistance to MARKFED for “Repairing of approach road to godown & Construction of boundary wall and construction of proposed godowns by MARKFED under WDRA norms, A sum of Rs.1830.00 lakh has been proposed under the scheme in B.E,2023-24.
Assistance to Co-operative Sugar Mills is meant to provide assistance to Cooperative Sugar Industries and a sum of Rs.1730.00 lakh has been proposed under the scheme inB.E,2023-24fo modernization of Sugar Plant, Distillery Unit, Boiling Unit and installation of rooftop Solar plant.
Interest Subsidy/Subvention for providing Crop Loan to farmers To ease off interest burden of crop loan on farmers, the State Government has beenv implementing the scheme of “Interest Subsidy/Subvention to Cooperative Banks, PACS, RRBs, and Commercial Banks” for providing Crop Loan to farmers at a directed rate of interest.
Further the State Government has declared crop loan up to Rs. 1.00 lakh (at 0% interest rate) to cover more of small & marginal farmers from “Khariff,2022” w.e.f 01.04.2022 and above Rs.1.00 lakh to Rs.3.00 lakh crop loan is available @ 2% for prompt paying farmers.
A sum of Rs.78561.50 lakh has been proposed under the scheme” Interestv Subsidy/Subvention to the Cooperative Banks/PACS for providing Crop loan to farmers” inB.E,2023-24. A sum of Rs.4000.00 lakh has been proposed under the scheme” Interest Subsidy/Subvention to the commercial Banks/RRBs for providing Crop loan to farmers” in B.E,2023 and a sum of Rs.1000.00 lakh has been proposed under the scheme” Interest Subvention on Agricultural Term Loans provided by Cooperative Banks and commercial Banks” inB.E,2023-24.
Financial Support to Co-operative Institutions for infrastructure Development Scheme aims at development of infrastructure facilities of Cooperative Institutions.
Co-operation Department is planning to develop PACS/ LAMPCS as Multi Servicev Centres by diversifying their business activities to serve the socio-economic needs of rural people.
To achieve this development of infrastructure facility is a prerequisite A sum of Rs.3000.00 lakh has been proposed under the scheme in B.E, 2023-24.
Share Capital Investment in Co-operative Credit Institutions scheme is to provide share capital assistance to short termv cooperative credit institutions (OSCB, CCB and PACS) to strengthen their equity base, to maintain CRAR level above 9% which will enable them to get refinance credit from NABARD for providing agricultural credit to farmers.
A sum of Rs.15000.00 lakh has been proposed under the scheme in B.E,v 2023-24.
It has been decided to complete computerisation to all PACS/LAPMCs by March,2023. A sum of Rs.1004.07 lakh has been proposed under the scheme in B.E, 2023-24.
Development of Warehousing Facility Godown is an important infrastructure in Agricultural Marketing Sector. Cooperation Department is ensuring the storage (Godown) availability in all Gram Panchayats through PACS, MARKFED, Regulated Market Committees & State Ware Housing Corporation (OSWC) under different financial assistance to extend required storage services to particular farm families.
A sum of Rs.1800.00 lakh and Rs.4000.00 lakh are proposed under the schemes “Warehousing Infrastructure Fund (WIF)” and “RIDF” respectively for B.E, 2023-24 to strengthen the warehousing facility across the state. Strengthening & Development of Agricultural Marketing Infrastructure Providing need based infrastructure is important for smooth marketing of agriculturalv produces which in turn enable farmers to have a better price realization for their produces.
The scheme aims at development of basic infrastructure facilities at the (Regulated Market Committees) RMCs, development of pack house, development of improved storage facilities. A sum of Rs.4000.00 lakh has been proposed under the scheme for B.E, 2023-24.