|
A.P. State Warehousing
Corporation was established in August, 1958 under
Sub-Section 1, Section 18 of the Warehousing
Corporation Act, 1958 (Central Amended Act of
1962) enacted by the Parliament. APSWC is a
Corporation having 50% Share Capital by Central
Warehousing Corporation and 50% share capital by
the Govt. of A.P. It has its Corporate Office at
Hyderabad with 8 Regional Offices and 151
Warehouses scattered all over the state.
The Warehousing Scheme envisages providing storage
facilities for food grains and other agriculture
commodities, seeds, manures and fertilizers to
minimize losses and deterioration in storage. The
scheme also aims to enable farmers to have easy
and cheap credit facilities from Banks against
pledge of the Warehouse Receipt to improve the
holding capacity of the producer to avoid distress
sales in harvesting seasons. To realize the above
objectives, the Warehousing Corporation is
empowered to a acquire and build Warehouses for
storage of Agricultural produce, seeds,
fertilizers and other notified commodities and
also to act as an agent of the Central Warehousing
Corporation or of the Government, for the purpose
of purchases, sales storage, distribution etc., of
Agricultural Commodities in time of need.
|