Asserting that the government’s agri-reforms are focused on empowering small farmers, Prime Minister Narendra Modi on Sunday launched a financing facility of Rs 1 lakh-crore under the Agri-Infra Fund that will help create post harvest infrastructure in villages and generate jobs.
Meanwhile, the Prime Minister transferred Rs 17,000 crore directly into the bank accounts of 8.5 crore farmers under the PM-KISAN scheme.
Modi launched the fund through a video conference on the auspicious occasion of Balram Jayanthi, a day when farmers worship plough. Agriculture Minister Narendra Singh Tomar and farmers from some states also participated in the video conference.
“On this auspicious occasion, a special fund of Rs 1 lakh-crore has been launched to create agriculture-related infrastructure facilities in the country”.“This will help in creating better storage facilities and modern cold storage chains in villages. Many employment opportunities will get created in villages,” Modi said after the launch.
Modi also interacted with farmers from Karnataka, Gujarat and Madhya Pradesh who are among the initial beneficiaires of the credit facility under this new fund through Primary Agricultural Credit Societies for creating post harvest facilities.
Meanwhile, the Prime Minister transferred Rs 17,000 crore directly into the bank accounts of 8.5 crore farmers under the PM-KISAN scheme.He said the scheme has been successful in its objective to provide financial support to farmers without any involvement of middlemen.
The Centre provides Rs 6,000 per year in three equal instalments under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme that was launched in December 2018.
