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₹1 trillion announced by PM to boost agriculture infrastructure
August 10, 2020
Prime Minister Narendra Modi released a ₹1 trillion agriculture infrastructure fund to offer a leg as much as let up-harvest control and advertising of agricultural produce, in flip supporting improve farm-gate costs.
The scheme will offer higher warehousing and cold garage facilities for farmers, Modi stated, including, new jobs can be created as meals processing and post-harvest facilities are set up in rural areas. The scheme will allow startups to scale up their operations and India to construct a global presence in natural and fortified food, he said.
The fund becomes launched with ₹1,128 crores of latest loans dispensed to extra than 2,200 cooperative societies. During the occasion, the Prime Minister also transferred ₹17,100 crores to farmers underneath the PM-Kisan direct profits assistance scheme.
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