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Economy
Pradeep Kumar

19/08/21 11:35 AM IST

Revival of North Eastern Regional Agricultural Marketing Corporation Limited

In news

Cabinet approves revival of North Eastern Regional Agricultural Marketing Corporation Limited.

Benefits
  • Move will help ensuring remunerative price to the farmers of North Eastern Region for their products.
  • With the implementation of the revival package, remunerative price to the farmers of NER of their products will be ensured. 
  • 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, registration of GI products etc.
  • 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 sustained basis and its dependency on GoI loan will cease

Employment generation potential

After the implementation of revival of NERAMAC, employment will be generated both directly and indirectly in 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.

Source: PIB

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