NERAMAC’s stall at the National Agri-Horticultural Show 2021 held in Bokakhat Stadium, Assam from January 21-23, 2020. (Photo: www.neramac.com)
New Delhi, August 18 (MExN): The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, on August 18, has approved a revival package of Rs 77.45 crore for revival of North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC).
Out of the amount, Rs 17 crore is fund based support while Rs 60.45 crore is towards non-fund based support of NERAMAC, a central Public Section Enterprises under the administrative control of Ministry of Development of North Eastern Regional (MDoNER).
With the implementation of the revival package, remunerative price to the farmers of NER of their products will be ensured, an official statement from DoNER Ministry informed.
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, registration of GI products etc, it said.
It further maintained that 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, it added.
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, the statement further noted.
“It is expected that employment will be generated for about 33,000 persons,” it added.
In addition, retail outlets under franchise concept under its own brands like “NE Fresh” and “ONE” (Organic North East) and through NAFED, TRIFED etc. is also in the pipeline, the statement said, while focus will also be given on bamboo plantation and bee-keeping, tie-up with farmers and entrepreneurs involved in high value organic crops.
NERAMAC, with its registered office in Ganeshguri, Guwahati, was “set up to support farmers/producers of North East getting remunerative prices for their produce and thereby bridge the gap between the farmers and the market and also to enhance the agricultural, procurement, processing and marketing infrastructure” of the region.
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