New Delhi: Prime Minister Narendra Modi on Sunday launched a financing facility of Rs 1 lakh crore beneath the Agriculture Infrastructure Fund for agri-entrepreneurs, startups, agri-tech gamers and farmer teams for post-harvest administration and nurturing farm property.
Modi additionally launched the sixth installment of Rs 17,100 crore to greater than 8.55 crore farmer beneficiaries beneath the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
“The fund would bring about the creation of post-harvest management infrastructures and community farming assets such as cold storage, collection centres and processing units. These assets will enable farmers to get greater value for their produce, as they will be able to store and sell at higher prices, reduce wastage and increase processing and value addition. Rs 1 lakh crore will be sanctioned under the financing facility in partnership with multiple lending institutions,” learn a launch by the Prime Minister’s Workplace (PMO).
The beneficiaries of the scheme will embrace farmers, PACS, Advertising and marketing Cooperative Societies, FPOs, SHGs, Joint Legal responsibility Teams (JLG), Multipurpose Cooperative Societies, agri-entrepreneurs, startups, and central/state company or native physique sponsored public-private Partnership Tasks, it stated.
PM asks farmers to put on face masks and proceed sustaining social distancing amid COVID-19 pandemic.
The Prime Minister launched the brand new Agriculture Infrastructure Fund by video convention. Agriculture Minister Narendra Singh Tomar and senior ministry officers had been additionally current on the event.
Earlier within the day, he tweeted: “Wishing countrymen particularly farmers on the event of Balaram Jayanti, ‘Hal Chhath’ and ‘Dau janmotsav”.