Ministry of Consumer Affairs, Food & Public Distribution

Agriculture to spearhead the nation towards becoming ‘Viksit Bharat’ by 2047: Shri Piyush Goyal

Shri Goyal launches ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics

Security deposit charges at WDRA registered warehouses to be soon reduced from 3% to 1%: Shri Goyal

‘e-Kisan Upaj Nidhi’ to prevent distress sale by farmers: Shri Goyal

Posted On: 04 MAR 2024 5:23PM by PIB Delhi

Union Minister for Consumer Affairs, Food & Public Distribution, Commerce and Industry and Textiles, Shri Piyush Goyal said that the agriculture sector will be the foundational pillar spearheading the nation towards becoming ‘Viksit Bharat’ by 2047. While addressing at the launch ceremony of ‘e-Kisan Upaj Nidhi’ (Digital Gateway) of Warehousing Development and Regulatory Authority (WDRA) today in New Delhi, the Minister thanked the farmers for securing the lives of millions of Indians and said that the ‘e-Kisan Upaj Nidhi’ initiative with the help of technology will ease the farmers’ warehousing logistics and aid the farmers in receiving fair prices for their produce.

Shri Piyush Goyal announced that the security deposit charges at WDRA registered warehouses will soon be reduced to encourage more farmers, especially small farmers, to utilize the warehouses and enhance their income. He said that the farmers stocking their produce at these warehouses would need to pay only 1% security deposit instead of earlier 3%.

“Digital Gateway initiative is an important stepping stone in our effort to make farming attractive”, said Shri Goyal. He noted that ‘e-Kisan Upaj Nidhi’ with its no collateral, extra security deposit policy can prevent distress sale by farmers who often have to sell their entire harvest at cheaper rates due to poor post-harvest storage opportunities.

Shri Piyush Goyal said that the warehouses under WDRA are well monitored, highly rated and are equipped with infrastructure that will protect the farm produce and lead to farmers’ welfare. The Minister pressed for mandatory registration of warehouses utilised by Food Corporation of India (FCI) across the states under WDRA and preparation of a roadmap for state warehouses to be infrastructure-ready.

Elaborating on the ‘‘e-Kisan Upaj Nidhi’ platform, Shri Goyal said that the initiative with its simplified digital process can ease the procedure of farmers' storage at any registered WDRA warehouse for a period of 6 months at 7% interest per annum. The Minister hailed the WDRA initiative of providing an online platform for warehouse registration that has seen significant increase year-on-year and set a target of 1 lakh warehouses to be registered on the portal. He noted that last year 1500 warehouses were registered.

The Minister emphasised that with the ‘e-Kisan Upaj Nidhi’ and e-NAM, farmers will be able to utilise the technology of an interconnected market which benefits them above and beyond selling their produce to the Government at Minimum Support Price (MSP). He said that the Government’s procurement through MSPs has increased 2.5 times over the last decade.

The Minister speaking about the launch of the world's largest cooperative food grain storage scheme urged WDRA to plan a proposal to provide free registration of all the godowns under the cooperative sector. He said that the initiative to aid cooperative sector godowns will further boost farmers to stock their produce in WDRA facilities leading them to get fair price on selling their harvest.    




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