Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure
4 years, 10 months ago

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure

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Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure In a move to strenghten infrastructure in agriculture, Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. 1 lakh crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points#AatmaNirbharDesh #AatmanirbharBharat pic.twitter.com/I6XsQI6EE9 — PIB India May 15, 2020 She also announced a Rs 10,000 crore scheme for formalisation of micro food enterprises. Addressing the media, Sitharaman said that financing facility of Rs 1 lakh crore will be provided for funding in agriculture infrastructure projects at the farm-gate and aggregation points such as primary agricultural cooperative societies, farmer producer organisations and agriculture entrepreneurs, among others. Observing the lack of adequate cold chain and post harvest management infrastructure in the vicinity of farm gate causes gaps in value chains, Sitharaman said that the fund will be created immediately.

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