Question
How much subsidy has been disbursed under the Agriculture Marketing Infrastructure (AM
- I scheme for food grain storage projects?
Solution
Under the Agriculture Marketing Infrastructure (AMI) scheme, a total subsidy of βΉ4,795 crore has been disbursed to support the construction of food grain storage infrastructure. This scheme aims to improve the storage facilities for agricultural produce and reduce post-harvest losses, which in turn helps stabilize market prices and ensure food security. Better storage facilities also reduce dependence on government procurement for food grains, promoting efficient market dynamics. Important Points: β’ Objective: To promote the creation of modern storage infrastructure for agricultural produce. β’ Launch Year: 2014 β’ Nodal Ministry: Ministry of Agriculture and Farmers Welfare β’ Implementing Agency: NABARD, National Cooperative Development Corporation (NCDC), and other institutions β’ Key Benefits: o Subsidized financial assistance for building storage infrastructure. o Reduced post-harvest losses and improved food security. o Enhanced market access and reduced price volatility. β’ Impact: βΉ4,795 croresubsidy disbursed, promoting better food grain storage and handling systems.
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