In big boost to farmers, PM Modi launches Rs 1 lakh crore Agriculture Infrastructure Fund

In a bid to toughen the nation’s agriculture sector and help farmers amid the Covid-19 disaster, Prime Minister Narendra Modi launched Rs 1 lakh crore Agriculture Infrastructure Fund on Sunday. The prime minister additionally initiated the switch of Rs 17,000 crore to an estimated 8.5 crore farmers underneath the PM Kisan Samman Nidhi scheme.

On the event, the prime minister expressed happiness and stated that Rs 17,000 crores of PM-Kisan Samman Nidhi have been deposited into financial institution accounts of 8.5 crore farmers “with a single click”.

 

आज जो Agriculture Infrastructure Fund launch किया गया है, इससे किसान अपने स्तर भी गांवों में भंडारण की आधुनिक सुविधाएं बना पाएंगे: PM @narendramodi #AatmaNirbharKrishi

— PMO India (@PMOIndia) August 9, 2020

“No middlemen or commission, it went straight to farmers. I am satisfied because the objective of the scheme is being fulfilled,” the prime minister stated.

He stated that the within the final 12 months and a half, by this scheme, Rs 75,000 crores have been deposited immediately within the financial institution accounts of farmers. Of this, 22,000 crores have been handed on to the farmers throughout the Covid-19 lockdown.

“The farmer is now exempted from the purview of the mandi and the mandi tax. Now the farmer has several options,” PM Modi stated.

The fund has been launched in a bid to creating farmers self-reliant underneath PM Modi’s clarion of an ‘Atmanirbhar Bharat’ (self-reliant India). The Fund will toughen farmer’s earnings.

 

किसानों से जुड़ी ये जितनी भी योजनाएं हैं, जितने भी रिफॉर्म हो रहे हैं, इनके केंद्र में हमारा छोटा किसान है।

यही छोटा किसान है, जिस पर सबसे ज्यादा परेशानी आती रही है: PM @narendramodi #AatmaNirbharKrishi

— PMO India (@PMOIndia) August 9, 2020

“Today, our farmers have a choice. If he wants to deal with his produce in his field, he can. Or he can directly connect with the warehouse or whoever pays the higher price,” he stated.

“The agriculture sector will benefit a great deal from this modern infrastructure,” the PM added.

Under the scheme, a mortgage quantity of Rs 1 lakh crore will probably be made accessible for 4 years. While Rs 10,000 crore will probably be made accessible in loans to farmers between 2020 to 2021. Rs 30,000 crore will probably be offered within the remaining three years. Three p.c subsidy on curiosity may even be offered to farmers on mortgage amounting to 2 crore or much less as much as seven years.

PM Modi stated all these schemes and reforms are aimed on the nation’s farmers. “Our small farmers face the most trouble,” he stated.