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Govt to encourage seed development by private sector

THE GOVERNMENT has understood the importance of seed development from private sector and plans to encourage it under the National Seed Policy, 2002. NSC Chairman and Managing Director B B Patnaik said this after inaugurating a workshop organised by the National Seeds Corporation in Indore recently.

india Updated: Oct 12, 2006 16:08 IST

THE GOVERNMENT has understood the importance of seed development from private sector and plans to encourage it under the National Seed Policy, 2002. NSC Chairman and Managing Director B B Patnaik said this after inaugurating a workshop organised by the National Seeds Corporation in Indore recently.

Patnaik said that the government proposes to provide bank-ended capital subsidy attached with the loan on 25 percent of the investment required for seed infrastructure development within a limit of Rs 10 lakh per unit.

Private companies, entrepreneurs, self-help groups and seed cooperative committees will be provided aid under the scheme. Commercial banks and National Cooperatives Development Corporation will execute this transaction. 

The aid will be given mainly for the high yield and less expensive seeds. NSC Regional Manager R K Ram highlighted the purpose of the workshop and the Central Government’s scheme to encourage seed development in private sector.

Ram said that the government had provided 50,000 quintals of certified seeds to Madhya Pradesh for Kharif crop in 2006. It is currently providing more than one lakh mini kits of seeds for Rabi crop in 2006-07.

Agricultural engineer A K Singh explained the scheme in detail and solved the queries of the farmers, committees and individual entrepreneurs present in the workshop.

National Research Centre for Soybean Indore principal scientist Dr O P Joshi, Ravi Taneja from Oriental Bank of Commerce, R K Jain from Madhya Pradesh Seed Development Association and R K Sharma from SBI Bhopal also expressed their views in the workshop.