This scheme helps farmers and entrepreneurs in Meghalaya build small warehouses with government support, cutting down crop Read More... spoilage and improving their earnings. Read less
Details
The Meghalaya Agriculture Warehouse Scheme is a government initiative designed to boost the state's agricultural sector. Under the Chief Minister’s CM-ELEVATE Program, it aims to create better storage facilities for farmers.
This scheme, driven by the Planning, Investment Promotion & Sustainable Development Department and implemented by the Meghalaya Basin Management Agency (MBMA), focuses on building weatherproof warehouses across Meghalaya. The main goals are to minimize losses after harvest, keep market prices stable, and ultimately increase the income of farmers. It also makes it easier for entrepreneurs to get loans from partner banks and offers significant government subsidies.
The scheme is open to both individuals who are farmers or aspiring entrepreneurs and registered entities or groups involved in agriculture. It provides a great opportunity for them to set up essential storage infrastructure.
Safe and proper storage is crucial for agricultural produce. This scheme addresses the challenges of post-harvest losses by enabling the construction of warehouses. This leads to better quality produce reaching the market, value addition possibilities, stronger market connections, and the ability for farmers to store their crops for longer periods, which can lead to better price realization.
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Benefits
Sources and references
For Individuals:
For Registered Entities (Societies, SHGs, FPOs, etc.):
Interested individuals and registered entities can apply for the Meghalaya Agriculture Warehouse Scheme through the designated implementing agencies. The process typically involves:
For more details and to initiate the application, please refer to the official sources and contact the implementing agencies. The scheme is overseen by the Planning, Investment Promotion & Sustainable Development Department, Government of Meghalaya.
For Individuals:
For Registered Entities:
Ensure to refer to the official website of the Planning, Investment Promotion & Sustainable Development Department, Government of Meghalaya for the most current and detailed information, including application forms and process updates.
What's the main aim of the Meghalaya Agriculture Warehouse Scheme?
The scheme aims to cut down on crop losses after harvest, help keep market prices steady, and boost the income of farmers by supporting the creation of agricultural warehouses.
Who is responsible for running this scheme?
The Meghalaya Basin Management Agency (MBMA) is in charge of implementing this scheme.
Can anyone apply for this scheme?
No, eligibility is specific. For individuals, you need to be an 18-58 year old permanent resident of Meghalaya and have land. Registered entities must be based in the village, have a two-year operational history, and possess land.
How are the costs for setting up a warehouse covered?
Entrepreneurs only need to pay 5% of the total project cost. The Meghalaya government covers 75% upfront, and the remaining 20% is provided as a bank loan.
Does the government offer any financial help?
Yes, the scheme provides substantial government subsidies to help ease the financial burden on entrepreneurs looking to build warehouses.
Will I get help with my bank loan application?
Absolutely. The implementing agencies offer guidance and support throughout the entire process of applying for bank loans and subsidies.
Is technical assistance available for managing the warehouses?
Yes, the scheme includes technical support to help manage and maintain the warehouses effectively once they are set up.
What is the age requirement for individual applicants?
Individual applicants must be between 18 and 58 years of age.
Is it necessary to own land to apply?
Yes, applicants must either own the land where the warehouse will be built or have it leased for a minimum of 10 years.
For registered groups, what's the rule about their location?
Registered entities must be located in the same village where they intend to avail the benefits of the scheme.
Are government or public sector employees eligible to apply?
No, individuals who are state or central government employees, pensioners, or employees of public sector undertakings (PSUs) and their subsidiaries are generally not eligible for this scheme.
How long do registered entities need to have been in operation?
Registered entities must have been actively operating for at least two years to be eligible for the scheme.