New Delhi, May 6: To augment the number of covered godowns with Food Corporation of India (FCI) and Central Warehousing Corporation (CWC) and also the State Warehousing Corporations (SWCs), the Government is implementing the Private Entrepreneurs Guarantee (PEG) Scheme.
Under the scheme the private entrepreneurs can also construct godowns.
Prof. K.V.Thomas, Minister of Consumer Affairs, Food and Public Distribution informed the Rajya Sabha today that the FCI guarantees to hire godowns constructed under this scheme for a period of ten years, thereby, ensuring a fair return on the investment made. He was replying to a written question in the House.
He said that a capacity of about 197 lakh MTs as on 31.03.2013 has been approved for construction of godowns in 19 States.
Further, for ensuring long-term scientific storage, the Government has also approved construction of 20 lakh MTs of storage capacity in silos within the overall sanctioned capacity of the PEG Scheme through the PPP mode.
He said that besides the PEG Scheme, the Government has finalised a Plan scheme especially for the North East, for creation of an additional storage capacity of 5.40 lakh MTs through the FCI, in the next 3 to 4 years. These capacities once created in the NE region, would take care of the storage requirements of about 3 to 4 months. (ANI)