PM Modi will launch the Agricultural Infrastructure Fund


New delhi date. Sunday 9 August 2020

Prime Minister Narendra Modi will launch a Rs 1 lakh crore financing facility under the 'Agricultural Infrastructure Fund' through video conferencing at 11 am today.

On this occasion, the Prime Minister will also announce the sixth installment of Rs 17,000 crore to 8.5 crore farmers under the 'PM-Kisan Yojana'. The event will be attended by millions of farmers, cooperatives and citizens across the country. Union Agriculture and Farmer Welfare Minister Narendra Singh Tomar will also be present on the occasion.

It may be mentioned that the Union Cabinet has approved the facility of finance under the 'Agricultural Infrastructure Fund' of Rs 1 lakh crore. These funds will help in building 'infrastructure for better post-harvest management' and community agricultural assets such as cold storage, collection centers, processing units. And will be able to sell their goods at the right price. This will increase their income. With the convenience of food processing, farmers will be able to get higher prices for their crops.

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