Piyush Goyal Launches 'e-Kisan Upaj Nidhi' to Empower Farmers
| Aspect | Details |
|---|---|
| Event | Launch of 'e-Kisan Upaj Nidhi' (Digital Gateway) by WDRA |
| Launched by | Union Minister Piyush Goyal |
| Departments Involved | Consumer Affairs, Food & Public Distribution, Commerce and Industry, Textiles |
| Objective | Simplify warehousing logistics for farmers, ensure fair prices for produce |
| Key Policy Change | Security deposit charges reduced from 3% to 1% at WDRA-registered warehouses |
| Storage Duration | Six months at an interest rate of 7% per annum |
| Infrastructure Upgrade | Mandatory registration for FCI warehouses, roadmap for state warehouses |
| Cooperative Scheme | World's largest cooperative food grain storage scheme, free registration for cooperative godowns |
| Digital Process | No collateral, extra security deposit policy to prevent distress sales |
| Market Integration | Interconnected market benefits through e-NAM, beyond MSP procurement |