Kerala cooperative minister has said a consortium worth Rs 100 crore will be mobilized under the supervision of the Cooperation Department and under the leadership of the Consumerfed to check the spiraling price of rice, reports New Indian Express.
Functionaries of 25 Primary Agricultural Cooperative Societies (PACS) took this decision in a meeting held at the office of the registrar of cooperatives. As per the scheme, Consumerfed will purchase rice directly from the major production centres in neighbouring states and from Odisha and West Bengal through down-payment.
The rice will be made available to customers through the Consumer fed outlets and other select rice shops under the PACS at subsidized prices.
It has also been decided to procure locally grown paddy under the aegis of PACS to encourage the farmers.
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