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PM Modi to launch financing facility worth Rs 1 lakh cr under Agricultural Infrastructure Fund today




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New Delhi: Wishing residents on the event of Balaram Jayanti, Prime Minister Narendra Modi on Sunday knowledgeable that he’ll nearly launch the financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund.

He will even launch the sixth installment of funds under the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme.

“Wishing countrymen especially farmers on the occasion of Balaram Jayanti, ‘Hal Chhath’ and ‘Dau janmotsav’. On this special day at 11 am, through video conferencing, I will introduce a funding facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund,” Modi tweeted.

“In this programme, the sixth installment of the assistance amount under ‘PM-Kisan scheme’ will also be released. Rs 17,000 crores will be transferred to the accounts of 8.5 crore farmers. The scheme is proving to be of great help to farmers during the COVID-19 epidemic,” he stated in one other tweet.

The occasion will likely be witnessed by lakhs of farmers, cooperatives and residents throughout the nation. Union Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar will even be current on the event.


“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 Office (PMO).

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The beneficiaries of the scheme will embrace farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, agri-entrepreneurs, startups, and central/state company or native physique sponsored public-private Partnership Projects, it stated.

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PM-KISAN scheme, which was launched in December 2018, had supplied a direct money advantage of over Rs 75,000 crores to greater than 9.9 crore farmers and enabled them to fulfil their agricultural necessities and assist their households.

“The rollout and implementation of the PM-KISAN scheme have happened at an unparalleled pace, with funds being directly transferred into the Aadhaar authenticated beneficiaries’ bank account to prevent leakage and increase convenience for farmers. The scheme has also been instrumental in supporting farmers during the COVID-19 pandemic, through the release of nearly Rs 22,000 crores to aid the farmers during the lockdown period,” the discharge stated. (ANI)

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