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Agro units of cooperative sector to come up in all Rajasthan districts
Why in news?
- At least one agro-processing unit of cooperative sector will come up in each district of Rajasthan this year with the emphasis on agricultural marketing.
- The State government’s plan of action, along with the decision to sanction 25% higher crop loans during the kharif season, is expected to promote cooperative sector’s assistance to farmers.
More in news
- Meaning of Agro Processing: Agro processing could be defined as set of techno-economic activities carried out for conservation and handling of agricultural produce and to make it usable as food, feed, fibre, fuel or industrial raw material.
- About the Planned Agro Units in Rajasthan:
(1) The agro-processing units would ensure preservation and processing of agricultural produce for food and medicinal use and help augment farmers’ income.
(2) A fund of ₹500 crore had been created in the Apex Cooperative Bank for the purpose.
(3) New facilities, such as online registration of loan applications and solar power connections at the cooperative banks and societies, will facilitate fast disbursement of loans.
(4) The institutions of farmers and rural entrepreneurs depicting innovations in their work would be felicitated in the upcoming cooperative spices fair in Jaipur.
Sources
The Hindu