PEG Scheme to Augment Foodgrains Storage

PEG Scheme to Augment Foodgrains Storage

(http://pib.nic.in/newsite/PrintRelease.aspx?relid=93488)     (07.10.2013)

 The Government is implementing the Private
Entrepreneurs Guarantee (PEG) Scheme to augment the covered storage capacity
through private entrepreneurs, Central Warehousing Corporation (CWC) and State
Warehousing Corporations (SWCs). This information was given by the Minister of
Consumer Affairs, Food and Public Distribution,  Prof. K.V. Thomas in a
written reply in Lok Sabha today.

He said that the FCI
guarantees to hire godowns constructed under this scheme for a period of ten
years, thereby, ensuring for the investor,  a fair return on his
investment.  A capacity of about 197lakh MTs as on 28.02.2013
has been approved for the construction of godowns in 19 States out of which a
capacity of 141.46 lakh MTs has been sanctioned for construction. A
capacity of 46.88 lakhMTs has been completed. For ensuring long-term
scientific storage, the Government has also approved construction of
20 lakh MTs of storage capacity in silos within the overall
sanctioned capacity of the PEG Scheme. 

        The
rate of Storage and maintenance of foodgrains in Central Warehousing
Corporation/State Warehousing Corporation godowns has been finalized for the
year 2009-10 and is fixed at Rs. 5.46
perqtl. per month.  For the private godowns hired under the
PEG Scheme, the rates of hiring are decided through a transparent two bid
tendering process and have to be within the approved CWC rates indexed
appropriately.  However, higher rates than the CWC rates received
through tendering can only be approved by the High Level Committee (HLC) of FCI
after recording the reasons/justifications.

            The
quantity of wheat stored in the godowns of Government for last three years is
given as under: 

The rent paid by FCI to
various Government Warehousing Agencies for storage and maintenance of
foodgrains in the last three years is as under:-

(Rs. in Crore)