NERAMAC: Centre okays revival package of Rs 77.45 crore for fund-based support

CCEA gives nod to aid of Rs 77.45 crore

NEW DELHI: The CCEA (Cabinet Committee on Economic Affairs), chaired by Prime Minister Narendra Modi has approved a revival package of Rs 77.45 crore (Rs17 crore towards fund-based support and Rs 60.45 crore towards non fund-based support) for the revival of NERAMAC (North Eastern Regional Agricultural Marketing Corporation Limited) -- a CPSE (Central Public Sector Enterprise) under the administrative control of the MDoNER (Ministry of Development of North Eastern Regional).

The benefits are as follows: With the implementation of this revival package, remunerative prices for the farmers of the NER (North Eastern Region) of their products will be ensured.

The revival package will help NERAMAC to implement various innovative plans namely providing better farming facilities, training to farmers in clusters, organic seeds and fertilizer, post-harvesting facilities in order to promote the products of NE farmers in the world market through participation in events, and also registration of GI products etc.

The revenue of the Corporation will increase and overheads will reduce as a result of VRS and other cost cutting measures; and, the Corporation will start making profits on a sustained basis and its dependency on GoI loan will cease.

EMPLOYMENT GENERATION POTENTIAL: After implementation of the revival of NERAMAC, employment will be generated both directly and indirectly in the Farming sector, projects and events management sector, logistics, sorting and grading and value addition, entrepreneurship and marketing. It is expected that employment will be generated for about 33,000 persons.

TARGETS: The revival package will help NERAMAC to implement various innovative plans namely providing better farming facilities, training to farmers in clusters, organic seeds and fertilizer, post-harvesting facilitiezs in order to promote the products of NE farmers in the world market through participation in events, registration of GI (Geographical Indications) products etc., promoting FPOs and other growers.

Apart from this, focusing in bamboo plantation and bee-keeping, sales through e-commerce taking advantage of other Government of India schemes such as PM Kisan SAMPADA Yojana and Agriculture Infrastructure Fund under AatmaNirbhar Bharat, Krishi Udaan and Kisan Rail, tie-up with farmers and entrepreneurs who are involved in high value organic crops, starting retail outlets under the franchise concept under its own brands like "NE Fresh" and "ONE" (Organic North East) and through NAFED, TRIFED etc. is also in the pipeline.

Implementation of revival package will generate employment both directly and indirectly in the Farming sector, projects and events management sector, logistics, sorting and grading as well as value addition, entrepreneurship and marketing.

GI tagging and marketing of the ''Organic Products of NER'' in other parts of the country as well as outside the country, will enhance the export of these products which will improve the economic status of NER farmers. (PIB)

Also Read: NERAMAC offers help to Sikkim farmers amidst COVID-19 pandemic

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