The NABARD Consultancy Services was facilitating accreditation of godowns built with assistance under the Rural Infrastructure Development, according to S. Suresh Kumar, Assistant general manager, NABARD, Tiruchi. Speaking at three-day training programme on warehouse development and regulation for officers of cooperative credit and marketing societies of Tiruchi and Ariyalur districts here recently, Mr. Suresh Kumar said the Centre was extending interest subvention to banks for pledge loans up to Rs. 3 lakh against negotiate warehouse receipts (NWRs) at 7 per cent interest for small and marginal farmers.
The training, organised by the National Bank for Agriculture and Rural Development, was aimed at sensitising personnel of cooperatives to the provisions of the Warehousing Development Regulatory Act (WDRA), procedures for accreditation and registration of primary agricultural cooperative society warehouses, scientific storage techniques, insect and pest management, record maintenance, insurance and benefits of negotiable warehouse receipts (NWRs).
The training was meant for societies where godowns had been constructed with assistance under the Rural Infrastructure Development Fund and accreditation of such godowns is under way under the WDRA.
Officers from the Central Warehousing Corporation, Chennai, explained various provisions of the Act, and those from Oriental Insurance Corporation of India and State Bank of India handled sessions on insurance and financing by banks against NWRs. The programme was inaugurated by M. Mirunalini, Managing Director, Tiruchi District Central Cooperative Bank, and the valedictory session was chaired by G. Rajendra Prasad, Joint Registrar of Cooperative Societies, Tiruchi.