Saloni Subha ( Intern Journalist ) Prime Minister Narendra Modi On Sunday launched a RS 1 lakhs crore agriculture Infrastructure fund to boost investment in the farm sector, especially in cold storages, warehousing, and markets for farmers. The fund will also create new jobs as an investment will flow into food processing and post-harvest facilities in rural India.
The scheme was announced by finance minister Nirmala Sitharaman as part of the RS 20 lakhs Crore fund relief package in the wake of the coronavirus pandemic.
Modi also transferred the sixth installment of the Cash payment for farmers under the PM-KISAN scheme, he announced via video conferencing. Under the sixth installment, Rs 17,000 crore has been deposited into the bank accounts of 85 million farmers. “The agriculture Infrastructure fund will provide better warehousing and cold storage facilities for and is a step towards doubling of farm income”, Modi said.
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