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PM Modi launches Agriculture Infrastructure Fund: All you need to know | India News – Times of India


NEW DELHI: Prime Minister Narendra Modi on Sunday launched the financing facility of Rs. 1 lakh crore under the Agriculture Infrastructure Fund via video conferencing. The Prime Minister also released the sixth instalment of funds of Rs. 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme.
Launching the Agriculture Infrastructure Fund, the Prime Minister also interacted with farmers, cooperatives, and citizens across the country via video conferencing.
Here are the key points from PM’s interaction with farmers:
* Today is Halshti, the birth anniversary of Lord Balarama. On this very auspicious occasion, a special fund of one lakh crore rupees has been launched to prepare agricultural facilities in the country: PM
* This will help in creating better storage, modern cold storage chain in villages and many employment opportunities will be created in the village: PM
* Along with this, I am very satisfied with the transfer of 17 thousand crore under PM Kisan Samman Nidhi to the account of eight and a half crore farmer families: PM
* In the last year and a half, through this scheme 75 thousand crore rupees have been deposited directly in the bank accounts of farmers. Of this, 22 thousand crore rupees have been transferred to the farmers during the lockdown: PM
* The mission of ‘One country, One mandi’ for which work was going on for the last 7 years, is now being completed: PM
* First, through e-NAM, a large technology-based system was created. Now, by making the law, the farmer was freed from the market and market tax. Now the farmer has many options: PM
* The Agriculture Infrastructure Fund will enable farmers to make modern facilities of storage in their villages. This modern infrastructure will go a long way in setting up agro-based industries. : PM
* So far, about 350 agricultural startups are being supported. These are related to food processing, Artificial Intelligence, Internet of things, manufacturing of smart farming equipment and renewable energy: PM
* At the centre of all these schemes and reforms are the small farmers. Two days ago, a very big scheme was started involving small farmers. Country’s first Kisan rail has now started between Maharashtra and Bihar. This train is like a moving cold-storage on wheels: PM
All you need to know about Agriculture Infrastructure Fund:
* The Union cabinet has approved the Central Sector Scheme of financing facility under “Agriculture Infrastructure Fund” of Rs. 1 lakh crore.
* The fund will catalyze the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres, processing units, etc.
* 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; 11 of the 12 Public Sector Banks have already signed MOUs with the DAC&FW.
* A 3% interest subvention and credit guarantee of up to Rs 2 crore will be provided to the beneficiaries to increase the viability of these projects.
* The beneficiaries of the scheme will include farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.

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