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FM Nirmala Sitharaman third tranche offers support to farmers

While the whole nation faces odds over the outbreak of the coronavirus pandemic, the finance Minister of India, Nirmala Sitharaman announced of a Rs 1 lakh crore agri-infrastructure fund for farm-gate infrastructure which will be used for setting up cold chains and post-harvest management infrastructure.  Financing facility of Rs 1,00,000 crore will be funded for funding agriculture infrastructure projects at farm-gate and aggregation points. She provided information and stated that the funds which were transferred were worth Rs 18,700 crores under the PM KISAN Samman Yojna over the last two months. Nirmala Sitharaman also announced an amount of  Rs 10,000 crore scheme for formalisation of micro food enterprises.

She also stated that Rs 500 crore has been allotted for beekeeping initiatives in rural places, Rs 200 crore for aqua agriculture and fish production. The government has allocated Rs 4,000 crore to promote herbal cultivation with an aim at increasing herbal cultivation to 10 lakh hectare in 2 years. Sitharaman also said that migrant workers who do not have either central or state PDS cards would be given free food grain supply for next two months among othersThe Prime Minister had on Tuesday announced a Rs 20 lakh crore special economic package for the country to become ‘self-reliant’ and deal with COVID-19 crisis.

– Christo Freddy, NMTV News



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