PM Modi launches financing facility of Rs 1 lakh crore under Agriculture Infrastructure Fund

PM Modi on Sunday launched a financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund via video conferencing. In the ongoing conference, PM Modi also released the sixth installment of funds of Rs 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme. The Cabinet had approved the Scheme of financing facility for farmers as part of the Fund. This will help will catalyze the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres, processing units, etc, PMO had said in a statement.

“Along with this, I am very satisfied with the transfer of Rs 17,000 crores as PM Kisan Samman Nidhi to the account of 8.5 crore farmer families. The satisfaction is that the goal of this scheme is being achieved,” Modi added. He highlighted that farmers have received Rs 75,000 crore through this scheme in the last year and a half directly in their bank accounts. Of this, Rs 22,000 crore was transferred during the lockdown. The mission of one country-one mandi for which work was going on for the last 7 years, is now being completed, PM Modi added.

Through the first e-National Agriculture Market (e-NAM), a technology-based system was created, and by making law, the farmer was freed from the market and market tax. “Now the farmer has many options.” Farmers would be able to deal with their produce in his field or directly from the warehouse where they would be able to deal with whoever pays the e-NAM to the traders and institutions associated with e-NAM.

PM Modi stressed that the Agriculture Infrastructure Fund will help farmers make modern facilities of storage in their villages as well.

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