The Odisha government has approved a new interest subvention scheme worth 42 crore rupees to facilitate the timely distribution of fertilizers through cooperative societies. Under this scheme, PACS and LAMPCS will receive 100% interest relief on cash credit loans used for pre-positioning fertilizers, making the process interest-free. The goal is to increase the cooperative sector's market share in fertilizer distribution from 30% to 60% by Kharif 2026. The plan involves 2,700 societies and promotes digital payments via QR codes to ensure transparency and combat black-marketing.
https://sambad.in/state/the-state-government-approves-42-crore-interest-subvention-scheme-to-boost-fertiliser-distribution-by-cooperatives-12116943 #creator program


