TS MARKFED as Nodal Agency for Procurement, Pre-Positioning & Distribution of fertilizers during the Agricultural year 2020-21 also on below lines;
➢ Nominate TS Markfed as Nodal Agency of the Government of Telangana for procurement, pre-positioning and distribution of fertilizers for a period of one year i.e., 2020-21, financial year.
➢ To maintain buffer stocks of 4.00 lakh MTs viz., 0.30 lakh MT of DAP, 0.70 Lakh MT of Complexes and 3.00 lakh MT of Urea by TS Markfed as per the district-wise buffer levels indicated by the Commissioner of Agriculture.
➢ To permit Telangana Markfed to raise Government guarantee loans up to Rs.500.00 crores (Rupees Five Hundred crones only) towards purchase of 4.00 Lakh MT of fertilizer stocks and for buffer maintenance, handling and storage etc for the year 2020-21.
➢ Government to reimburse interest availed on bank loans availed by Markfed for the year-2020-21 on quarterly basis and till clearance of all loans raised by MARKFED for purchase of fertilizers.
➢ Government to reimburse the cost of incidental charges such as insurance, handling, storage and transportation, standardization, de- lumping, stenciling etc., till the stocks are liquidated.
➢ Government to protect TS Markfed and PACS in the event of any downward revision of fertilizer prices by GOI / Fertilizer Companies. As Markfed will be holding buffer stocks on behalf of the Government and Markfed &PACS will be forced to-sell the available stock at reduced prices, from the date of such revision, neither Markfed nor the PACSs will be in a position to absorb such a huge financial impact. Hence Government may bear the differential costs on the buffer stocks available with MARKFED and the closing stock held by PACS in the event of any such downward price revision.
