Analysis of Cold Storage Capacity Utilization in Jharkhand: Special Reference to Agriculture Finance

Abstract

Agriculture is the leading occupation for the people of the Jharkhand. State has potential to produce horticulture product and this type of product like fruits and vegetables need cold storage industry because It plays a significant role for the agricultural sector where various items such as Vegetables, fruits and meat etc.is stored where temperature is maintained, so as to protect them from getting spoiled and there by extend their preservation period with the help of precision instruments. Cold storages are an acute technology to keep perishable items safe.

It is also an industry to increase revenue by protecting and reducing the wastage of fruits & vegetables. Cold storage is a place where an item is needed can be taken anytime and can be made available to consumers very easily. Due to non-availability of space in the existing cold storage units, farmers are facing hardships to store their produced. The purpose of the study to analyze the current scenario of cold storage capacity in Jharkhand. It has been seen that there is a wide gap in availability of cold storages and agriculture produce to the markets. There are only 25 storage which has 80625MT capacity in Jharkhand. So, the urgent need for affordable, reliable, and sustainable expansion of cold storage infrastructure is crucial to boost agriculture's economic contribution. Farmers need the right financing and storage for the right price, enabling them to directly connect with multiple markets and maximize socio-economic impact.