PM launches Rs 1 lakh cr Agriculture Infrastructure Fund

Date:

Prime Minister Narendra Modi on Sunday launched the financing facility under the Agriculture Infrastructure Fund worth Rs 1 lakh crore.

The agriculture infrastructure fund was announced by Finance Minister Nirmala Sitharaman as part of the Aatmanirbhar Bharat economic package in May.

It will provide for funding of agriculture infrastructure projects at the farm-gate and aggregation points such as primary agricultural cooperative societies, farmer producer organizations, and agriculture entrepreneurs, among others. Infrastructure to be created through the fund would include post-harvest infrastructures and community farming assets such as cold storage, collection centers, and processing units.

This will provide an impetus for the development of other financially viable post-harvest management infrastructure, as per the government.

It was announced in view of the lack of adequate cold chain and post-harvest management infrastructure in the vicinity of farm-gate that causes gaps in value chains.

The Prime Minister also initiated the transfer of Rs 17,100 crore benefit to bank accounts of 8.55 crore farmers under the PM-KISAN scheme.

During the virtual launch program, Modi also talked to farmers across states through video conferencing.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

Telangana CM Casts Vote in Legislative Council By-Election

Telangana CM A. Revanth Reddy exercised his voting rights...

Hyderabad on High Alert: Heatwave Forecasted for April

As the scorching sun beats down on Hyderabad, residents...

Elon Musk Announces Free Premium Features for X Users

Elon Musk announced on Thursday that users of the...

Siddharth and Aditi Rao Hydari Not Married But Engaged

Amid swirling rumors, it's speculated that actors Siddharth and...