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The Cabinet Committee on Economic Affairs (CCEA) has granted approval for a comprehensive ₹77.45 crore package dedicated to the revival of the North Eastern Regional Agricultural Marketing Corporation Ltd. (NERAMAC). NERAMAC, a state-run entity, plays a vital role in the agricultural marketing landscape of the northeastern region.
Enabling Revival for Agricultural Advancement
The sanctioned package holds immense significance as it aims to rejuvenate NERAMAC, empowering it to contribute effectively to the agricultural development and marketing within the northeastern region. The revitalization initiative aligns with the government’s commitment to bolstering agri-marketing infrastructure across the country.
Role of NERAMAC
As a central public sector enterprise operating under the administrative purview of the Ministry of Development of North Eastern Region (MDoNER), NERAMAC plays a pivotal role in facilitating agricultural marketing activities in the northeastern states. The corporation’s functions encompass a wide spectrum of activities aimed at enhancing agricultural produce’s reach to markets and ensuring fair returns for farmers.
Impetus for Economic Progress
The approval of this substantial package by the CCEA reflects the government’s commitment to fostering economic progress in the northeastern region through agricultural advancement. By channeling resources into NERAMAC’s revival, the government endeavors to fortify the agricultural marketing ecosystem, uplift rural communities, and bolster local economies.
Government’s Focus on the North East
The attention directed towards NERAMAC’s revival is in alignment with the government’s emphasis on the holistic development of the northeastern states. By investing in agri-marketing infrastructure and promoting agricultural activities, the government aspires to create a positive ripple effect on various sectors of the region’s economy.
Collaboration for Progress
In conclusion, the CCEA’s endorsement of the ₹77.45 crore package for the revival of NERAMAC marks a significant step toward enhancing agricultural marketing in the northeastern region. Through collaborative efforts and strategic investments, the government envisions fostering inclusive growth, improving farmer livelihoods, and strengthening the economic fabric of the North East.
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