According to the bank website, the project objective is to "finance the construction of new steel silos for the storage and preservation of staple foods products; wheat and rice, for the purpose of securing food for the Indian food security system."
According to FMO, "National Collateral Management Services Limited ("NCML" or the "Company") founded in 2004, is an agricultural commodities storage company headquartered in Gurgaon, India. The Company's objective is to provide the best handling, storage, custodian and supply chain management solutions for commodities throughout the warehousing industry in addition to weather intelligence and certification via its laboratories. NCML operates a pan-India network of warehouses with more than 1.7 million metric tonnes storage capacity."
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism