Odisha Cabinet nods State Sector Scheme “Corpus Fund to OSCMF Ltd. and OSSC Ltd”

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Bhubaneswar: The State Cabinet, which met under the chairmanship of Chief Minister Mohan Charan Majhi yesterday, approved the State Sector Scheme “Corpus Fund to OSCMF Ltd. and OSSC Ltd.” for a period of four years from FY 2026-27 to FY 2029-30 with the financial outlay of Rs 1360.00 Cr.

According to the decision taken in the Cabinet meeting, the proposed outlay comprises Rs 960.00 Cr. for OSCMF Ltd. and Rs.400.00 Cr. for OSSC Ltd.

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The scheme aims to provide interest-free revolving corpus funds to OSCMF Ltd. and OSSC Ltd. to ensure timely availability of fertilizers and quality seeds respectively across the State, which enables advance procurement & pre-positioning of agricultural inputs and timely settlement of payments to seed growers & suppliers for ensuring uninterrupted supply of fertilizers to farmers at affordable prices, thereby supporting agricultural production and strengthening food security in the State.

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