Important Terms/Definitions of the Gramin Bhandaran Yojana
- Subsidy: A government incentive or subsidy is a type of financial assistance or support given to an industry typically with the goal of advancing economic and social policy.
- Godown: A godown is a type of commercial structure that houses products for storage. Products that customers can utilize are created with the help of the items.
- Municipal Corporation: The legal word for a local governing body is a municipal corporation, which includes (but is not limited to) cities, counties, towns, townships, charter townships, villages, and boroughs.
Gramin Bhandaran Yojana or Rural Godown Scheme
Gramin Bhandaran Yojana is a capital investment subsidy scheme that promotes the construction and renovation of rural godowns. This scheme is also available to rural godowns located in various food parks. This yojana, announced in 2001, is a capital investment subsidy scheme for rural godown renovation and construction. However, godowns should be built outside of municipal corporation boundaries. It is important to note that rural godowns (promoted by the Ministry of Food Processing) in food parks can also benefit from the Gramin Bhandaran Yojana.
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