The National Bank for Agriculture and Rural Development�s (Nabard) has sanctioned Rs. 136.57 crore as loan assistance to the Karnataka government under the Warehouse Infrastructure Fund.
Nabard�s assistance is for the construction of 103 warehouses and 163 covered auction platforms at 135 Agricultural Produce Market Committees (APMCs) in 28 districts.

MI Ganagi, Nabard Chief General Manager, said, �The project will be implemented by the State�s Department of Agricultural Marketing and is expected to benefit over 160 lakh people across 12,097 villages.�

He added that with this, as on date, Nabard has sanctioned Rs. 1,271.62 crore under the Warehouse Infrastructure Fund for construction of 340 warehouses and 269 market yards across 28 districts in the State.

This includes Rs. 743.56 crore to the Karnataka State Warehousing Corporation (KSWC) and Rs. 528.05 crore to the Department of Agricultural Marketing.

The credit assistance under the Warehouse Infrastructure Fund will help create a total storage capacity of 13.65 lakh tonnes.

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