R’sthan co-op banks to give Rs 500 cr loans to set up agri-processing, cold storage units

With an aim of establishing agri-processing, storage and warehouse units in Rajasthan, two cooperative lenders will provide loans of Rs 500 crore. Cooperative Minister Udailal Anjana said that a plan in this regard has been released by the Department of Cooperatives to agri-processing, warehouse, cold storage units to promote agro-processing, agribusiness and agri-exports.

Financing from Apex Bank and Central Cooperative Banks has been implemented for setting up these units and loans of Rs 500 crore will be made available to farmers and entrepreneurs setting up units.
He further informed that Chief Minister Ashok Gehlot intended to ensure that farmers’ income is doubled and they get full value of their products. Principal Secretary of Cooperative Department Naresh Pal Gangwar said, “Loans of up to 75% will be given for setting up units by cooperative banks at the interest rate of 10 per cent. “