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Nafed to invest Rs 250 cr in TN

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Our Regional Bureau Chennai
Last Updated : Feb 06 2013 | 7:14 AM IST
The department of agriculture and the National Agricultural Co-operative Marketing Federation of India Limited (Nafed) today inked a memorandum of understanding (MoU) according to which Nafed proposes to invest Rs 250 crore in Tamil Nadu, according to a press statement.
 
This investment is aimed at increasing the production and productivity of agriculture in the state and augmentation of farmers' income, said the release.
 
Under the MoU, an integrated package encompassing backward and forward linkages which include supply of high quality seeds and other inputs, enhanced credit against stocks, skill upgradation of farmers, risk management are envisaged besides encouraging contract farming and setting up of electronic 'shandies' and large agricultural malls, the release said.
 
In view of the progress made by the state in crop diversification with focus on less water consuming crops like maize, oilseeds, cotton, and pulses, Nafed, for the first time, has agreed to enter into a partnership with the agriculture department of the state, added the statement.

 
 

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First Published: Sep 30 2005 | 12:00 AM IST

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