Cold Storage Construction Loan

Agriculture is one of the most critical sectors of the Indian economy that not only drives the growth and development of agriculture and allied sectors directly but also affects the well-being of rural people at large, their prosperity and employment and also forms an important resource base for a number of agro-based industries and agro-services.

India is a land of agriculture. It is the largest producer of many crops and agricultural products in the world. Crops are transported across the country throughout the year while a huge part of them is exported outside the country too.

One of the major challenges hampering the growth of agricultural sector is finding ways to store them adequately. The abundant produce requires high quality storage solutions until they reach the end consumer. The Warehouse Development and Regulatory Authority of India assists in setting up of warehouses and cold storage facilities to aid producers.

There is a huge demand for warehouses that are easily accessible and provide high protection from natural calamities, rodents and other damaging elements. Banks and other financial institutions have numerous loan products to aid in the building and setting up of a warehouse.

Farmers involved in agriculture and allied activities are constantly faced with the hindrance of product storage. Every year losses in lakhs is incurred due to insufficient or inferior storage solutions. Hence, there is a high demand for quality warehousing and cold storage solutions throughout the country. Also, the Government has founded numerous schemes to help individuals and organisations to set up warehouses that can benefit millions of agriculturists. One should act prudently and utilize these facilities to set up a warehousing facility which will prove to be a profitable business enterprise.

Warehouse loans are provided for creation of storage infrastructure in the rural areas of the country to aid and assist farmers to store their farm produce. Storage infrastructure refers to –

• Warehouses
• Silos
• Cold storage, Controlled Atmosphere (CA) Stores
• Cold Chain Infrastructure Activities like Pack Houses/ Integrated Pack Houses, Reefer Vans, Bulk Coolers, Individually Quick-Frozen Units, Chilling/ Freezing Infrastructure, etc.

• Individuals / Farmers
• Proprietary and partnership firms
• Co-operatives, Agro-processing co-operative societies
• Corporations, Agro-Industrial corporations
• Agricultural Produce Marketing Committees
• Group of Farmers/Growers
• NGOs
• Agro-Processing Corporations
• Self Help Groups
• Marketing Boards