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Odisha going to set up 2 corpus funds of Rs 100 crore each


The state govt of Odisha is going to set up 2 separate corpus funds of Rs 100 crore each for ‘pre-positioning’ fertiliser and quality seeds ahead of the cultivation season.Under the chairmanship of Chief Minister Naveen Patnaik ,the decision was taken at the state Cabinet meeting.”The amount will be utilised only for ‘pre-positioning’ of fertiliser within the state,” Chief Secretary G C Pati said.This is an effort to provide fertilisers to farmers on appropriate time during the Kharif and Rabi seasons, Pati said, adding that the Odisha State Co-operative Marketing Federation (OSCMF) and Odisha Agro Industries Corporation (OAIC) will be involved in procurement and supply of fertilisers to the farmers through the corpus fund.The corpus fund will be shared on a 75:25 basis by OSCMF and OAIC, respectively, for pre-positioning of fertilisers within the state.The Chief Secretary said the Cabinet gave its nod for creating a corpus fund of Rs 100 crore for pre-positioning quality seed and planting materials by the institutional agencies and supplying them to farmers on time.