The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 42.46 crore under the Rural Infrastructure Development Fund XVII to the Gujarat Government for construction of warehouses.
These warehouses will have a storage capacity of 87,600 tonnes and will be located at 52 locations in 16 districts, Nabard Chief General Manager, Mr H.R. Dave, said in a press release here.
The project will be implemented through Gujarat State Civil Supplies Corporation Ltd and is aimed at creating scientific storage capacity for agricultural produce.
Besides, the project is expected to provide assured foodgrains, cereals, etc., to 35 lakh below poverty line (BPL) cardholders under the Targeted Public Distribution System, reduce spoilage and wastage of foodgrains and avoid distress sale by farmers.
With this, the cumulative sanction of loan to the State Government by Nabard under RIDF has gone up to Rs 10,453.90 crore, involving 50,176 projects.