Bhubaneswar: Cooperatives have played a vital role in the path of progress of the state for more than 100 years. The Cooperative societies through their various developmental programmes have contributed to the socio-economic development of the state.
For achieving this objective, an amount of more than Rs 2,036 crore has been proposed in the Annual Budget, 2023-24. Out of this, Rs 148 crore is proposed under Establishment, Operation and maintenance Expenditure (EOM) and Rs1,888 crore is proposed under Programme Expenditure.
Scheme-wise budget provision for the year 2023-24
Pradhan Mantri Fasal Bima Yojana
The scheme is meant to cover the risks of the farmers arising out of natural calamities/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, Computerisation & e-Governance
The scheme is meant for the development of a computerised system for five directorates and different field offices functioning under the directorates. The funds under this scheme is also meant for the integration of the directorates with the Department.
A sum of Rs.500.00 lakh has been proposed under the scheme in B.E, 2023-24.
Financial Assistance for restructuring of MARKFED
The Scheme is providing financial assistance to MARKFEDfor “Repairing of approach road to godown & Construction of boundary wall”, 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
The scheme is meant to provide assistance to Cooperative Sugar Industries.
A sum of Rs.1730.00 lakh has been proposed under the scheme in B.E,2023-24for modernization of the Sugar Plant, Distillery Unit, Boiling Unit and installation of a rooftop Solar plant.
Interest Subsidy/Subvention for providing Crop Loan to farmers
To ease off the interest burden of crop loans on farmers, the State Government has been 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 Govt. has been pleased to declare crop loan up to Rs. 1.00 lakh (at 0% interest rate) to cover more no.s 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” Interest Subsidy/Subvention to the Cooperative Banks/PACS for providing Crop loan to farmers” in B.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,2023-24.
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” in B.E,2023-24.
Financial Support to Co-operative Institutions for infrastructure Development
The Scheme aims at development of infrastructure facilities of Cooperative Institutions.
Co-operation Department is planning to develop PACS/ LAMPCS as Multi Service 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
The objective of the scheme is to provide share capital assistance to short-term 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, 2023-24.
Computerization of PACS/UCBs/OSCB/CCBs
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 the smooth marketing of agricultural 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.
