FM Nirmala proclaims sop of Rs 1 lakh crore for agri-infra initiatives. It is part of the third tranche of the Rs 20 lakh crore financial bundle introduced by Prime Minister Narendra Modi on Tuesday
New Delhi: Finance Minister Nirmala Sitharaman on Friday introduced that the Centre will arrange a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure for farmers.Addressing the media right here, she mentioned that financing facility of Rs 1 lakh crore will likely be offered for funding in agriculture infrastructure initiatives on the farm-gate and aggregation factors similar to main agricultural cooperative societies, farmer producer organisations and agriculture entrepreneurs, amongst others.
This will present impetus for improvement for farm-gate/aggregation level inexpensive and financially viable submit harvest administration infrastructure, she mentioned.
Observing the dearth of enough chilly chain and submit harvest administration infrastructure within the neighborhood of farm gate causes gaps in worth chains, Sitharaman mentioned that the fund will likely be created instantly.
The announcement is a part of the third tranche of the Rs 20 lakh crore financial bundle introduced by Prime Minister Narendra Modi on Tuesday.