ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NABARD's Self-help

The road to hell is paved with good intentions! In the union budget for 2013-14, a sum of Rs 5,000 crore has been earmarked for financing construction of warehouses/godowns/silos/cold storages designed to store agricultural produce both in the public and the private sectors. The window will also finance through the state governments, construction of godowns by panchayats to enable farmers to store their produce.

While the central government has clearly signalled its desire for adequate warehousing and space availability for storing farm produce and reducing wastages by not letting grains rot in open silos, it appears that the National Bank for Agriculture and Rural Development (NABARD) is up to its old tricks and seeking to divert substantial funds to corporates/companies and individual traders to build warehouses. Instead of assisting smallholder farmers to build smaller warehouses or encouraging panchayats to build community-owned warehouses, NABARD has turned the scheme on its head and has approved the allocation of Rs 5,000 crore as under:

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