Answer: Option B
Answer: (b)
Private Entrepreneurs Guarantee (PEG) Scheme was formulated in 2008, for construction of storage godowns in Public-Private Partnership (PPP) mode through private entrepreneurs, Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to overcome storage constraints and ensure safe stocking of food grains across the country.
Assessment of additional storage capacities required under the scheme is based on the overall procurement/ consumption pattern and storage space already available.
Under the PEG scheme, no funds are allocated by the Central Government for the construction of godowns and full investment is done by the private parties/CWC/State Agencies by arranging their own funds and also the land.
After a godown is constructed and taken over, FCI gives a guarantee of rent for 10 years in the case of private investors and for 9 years in the case of CWC/SWCs/State Agencies, irrespective of the quantum of food grains stored.