Bhubaneswar: The State Cabinet on Tuesday approved the State Sector Scheme “Corpus Fund to OSCMF Ltd. and OSSC Ltd.” for a period of four years from FY 2026-27 to FY 2029-30 with a financial outlay of Rs 1360 crore.
The proposed outlay comprises Rs 960 crore for OSCMF Ltd. and Rs 400 crore for OSSC Ltd. The scheme aims to provide interest-free revolving corpus funds to OSCMF Ltd. and OSSC Ltd. to ensure timely availability of fertilizers and quality seeds respectively across the State.
The fund will enable advance procurement and pre-positioning of agricultural inputs and timely settlement of payments to seed growers and suppliers for ensuring uninterrupted supply of fertilizers to farmers at affordable prices, thereby supporting agricultural production and strengthening food security in the State.
