The National Bank for Agriculture and Rural Development’s (Nabard) has recently sanctioned ₹136.57 crore as assistance to the Karnataka government under the Warehouse Infrastructure Fund. With the funds the state will build 103 warehouses and 163 covered auction platforms at 135 Agricultural Produce Market Committees (APMCs) across 28 districts, Chief General Manager, MI Ganagi, said adding that the project will be implemented by the State’s Department of Agricultural Marketing and is expected to benefit over 160 lakh people across 12,097 villages. He added that with this, as on date, Nabard has sanctioned ₹1,271.62 crore under the Warehouse Infrastructure Fund for construction of 340 warehouses and 269 market yards in the State including ₹743.56 crore to the Karnataka State Warehousing Corporation (KSWC) and ₹528.05 crore to the Department of Agricultural Marketing.
