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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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• Professionally structured draft ready for further review.

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        Case ID :

        Odisha govt signs MoUs with 4 corporations for agri development

        May 2, 2025

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        Bhubaneswar, May 2 (PTI) The Odisha government on Friday signed MoUs with four corporations for the development of agriculture and support to farmers for the 2025-26 financial year.

        The MoUs were signed by the state agriculture department with Odisha Agro-Industrial Corporation (OAIC), Odisha Agriculture Promotion and Capital Investment Corporation Limited (APICOL), Odisha State Seed Corporation Limited (OSSC) and Odisha State Cashew Development Corporation Limited (OSCDCL) in the presence of Deputy Chief Minister K V Singh Deo.

        The partnership with OSSC aims to strengthen the seed production and supply chain.

        The agriculture department will further strengthen farmers by ensuring a timely supply of certified seeds, an official said.

        Under the collaboration, both parties will work together to promote seed replacement and varietal improvement through a coordinated farmer awareness campaign.

        For this, a turnover target of Rs 56 crore has been set, the official said.

        Similarly, OAIC has set a target of purchasing 45,000 tonnes of fertiliser, and pesticides worth Rs 20 crore, 7,000 tractors, 1,000 power tillers and other agricultural machinery, The corporation will set up 5,200 electric-powered small lift irrigation projects, 4,800 solar-powered water tanks, and 1,000 shallow tube well projects.

        It will also spend Rs 30 crore for construction work for the current financial year, and a total turnover of Rs 1,000 crore has been targeted for the corporation, the official said.

        The MoU with APICOL was signed to create 6,500 business enterprises and provide subsidies worth Rs 250 crore, of which Rs 200 crore is meant for Mukhyamantri Krushi Udyog Yojana (MKUY) and Rs 50 crore for a cold storage support scheme, he said.

        Accordingly, in the 2025-26 financial year, the Odisha State Cashew Development Corporation will take up 500 hectares of a hybrid cashew replanting programme and maintenance of trees over more than 1336.22 hectares to strengthen the cultivation in Odisha, the official said.

        In addition, it has a target to produce 35 lakhs hybrid cashew grafts from its existing 20 nurseries, he said.

        During the programme, Singh Deo felicitated the managing directors of OAIC and APICOL for their outstanding performance in the last financial year.

        Presenting the letter of appreciation, he said that all the affiliated corporations have shown excellent performance, and the path of progress should continue further.

        The Agriculture and Farmers Empowerment Department is one of the prominent departments that has spent 94.7 per cent of the approved budget, Singh Deo said.

        “We are fully committed to the progress and development of farmers,” he added. PTI BBM BBM BDC

        Agricultural development partnerships expand farmer support through coordinated state-corporation programmes for seeds, inputs, and infrastructure delivery. The state signed MoUs with four corporations assigning specific operational roles to implement an agricultural development programme: the seed corporation will bolster certified seed production, promote varietal improvement and coordinate farmer awareness; the agro industrial corporation will procure inputs and machinery, deploy electric and solar small irrigation projects and shallow tube wells, and undertake construction to expand infrastructure; the investment promotion corporation will create agri enterprises and administer subsidy schemes including industrial and cold storage support; and the cashew development corporation will execute hybrid replanting, maintenance and graft production from existing nurseries, while the administration commits to monitoring corporate performance and continued budgetary support for farmers.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Agricultural development partnerships expand farmer support through coordinated state-corporation programmes for seeds, inputs, and infrastructure delivery.

                                The state signed MoUs with four corporations assigning specific operational roles to implement an agricultural development programme: the seed corporation will bolster certified seed production, promote varietal improvement and coordinate farmer awareness; the agro industrial corporation will procure inputs and machinery, deploy electric and solar small irrigation projects and shallow tube wells, and undertake construction to expand infrastructure; the investment promotion corporation will create agri enterprises and administer subsidy schemes including industrial and cold storage support; and the cashew development corporation will execute hybrid replanting, maintenance and graft production from existing nurseries, while the administration commits to monitoring corporate performance and continued budgetary support for farmers.





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                                ActsIncome Tax
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