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A.P.State Warehousing
Corporation was incorporated on 5-08-1959 on the recommendations of rural
banking enquiry committee (1949) which emphasized the importance of
Storage and Warehousing in extending Rural Credit with the following main
Objectives.
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1.
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Provide a Negotiable Instrument by
way of Warehouse Receipt to farmers for securing credit from the Banks.
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2.
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Promote and develop scientific
storage facilities in order to minimize wastage and losses in storage.
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3.
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Help farmers to store their stocks
for better realization, by avoiding distress sale, simultaneously
availing credit.
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4.
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Assist orderly Marketing and Price
support / Control measures of the Government.
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