PM Modi launches financing facility worth Rs 1 lakh crore under Agri-Infra Fund
NEW DELHI: Prime Minister Narendra Modi on Sunday launched a financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund for agri-entrepreneurs, startups, agri-tech players and farmer groups for post-harvest management and nurturing farm assets.
Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
莫迪还在Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)计划下向超过8550万农民发放了第6期1710亿卢比补贴。
The Prime Minister launched the new Agriculture Infrastructure Fund through video conference. Agriculture Minister Narendra Singh Tomar and senior ministry offi als were also present on the occasion.
Last month, the Union Cabinet had approved this fund as part of the over Rs 20 lakh crore stimulus package announced in response to the Covid-19 crisis, while PM-KISAN is an ongoing scheme being implemented since 2018.
The new agri-infra fund, the duration of which will be 10 years till 2029, aims to provide medium-to-long term de t financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support.
Under this, about Rs 1 lakh crore will be sanctioned under the financing facility in partnership with multiple lending institutions as loans to primary agri-credit societies, farmer groups, farmer producer organisations (FPOs), agri-entrepreneurs, startups and agri-tech players.
Already, 11 of the 12 public sector banks have signed memorandum of agreement with the Agriculture Ministry.
Under the fund, about 3 per cent interest subvention and credit guarantee of up to Rs 2 crore will be provided to the beneficiaries to increase the viability of the projects.
Loans will be disbursed in four years starting with sanction of Rs 10,000 crore in the current year and Rs 30,000 crore each in the next three financial years.
Moratorium for repayment under this financing facility may vary, subject to a minimum of six months and mamum of two years.
The agri-infra fund, which will be managed and mon ored through an online Management Information Sy em (MIS) platform, will enable all the qualified entities to apply for loan under the fund
Under the PM-KISAN scheme, the go nment is providing annually Rs 6,000 in three equal installments to 14 crore farmers. The amount is directly transferred into the bank accounts of the beneficiaries through direct benefit transfer (DBT) mode.
译文来源：三泰虎 http://www.santaihu.com/p/50529.html 译者：Jessica.Wu
A Gt seen working on Sunday. That is why our Pappus and Pappis are upset.
good job. hope it gives the necessary boost to the sector.
Financial crunch being addressed by the Go nment is most welcome step in the direction.
Please make all the processes online, transparent and co ption free... this is very good initiatives for rural population...
20lakhs crores.. nowadays figures are all jumla numbers. no one really tracks what's the execution status of the previous jumla announcements..
Forgetting differences all po itical Parties/Economists/Scientists/Engineer come forward to make India selfsufficientish in all fields.
Dr Vidyadhar Yellutla
PM-Kisan samman Nidhi a game changer, reaching 10 crore farmers, Congress will disappear in 2024.
waver loans of msme, give the middle class a chance to rise again
Money will find its way to the Gujjus like Ambani.
1lakh crore is just $15 billion. A country of over billion population, that's so tiny
we are simple Indians ,happy with what we have or get .once we establish well then we can get more
He never announced anything less than 1 lac CR ...where is the money going UNEMPLOYMENT AT ITS PEAK... Farmers suicide at its PEAK
A lot of finance and agriculture scientists are commenting here, which is a good sign.
Our PM Modi works 24X7 which no other leader of other po itical parties can do .
How to avail this loan.. How tô apply . nothing is expned. ALL what is show is Modi ji is great. he is god. hé is doing all good
You can rebuke Modi, disagree with him, glorify or vilify him, but the only thing you can't do is ignore him because he changes things. He pushes the human race forward, and while some may see him as the crazy one, we see genius, because the one who is crazy enough to think that he can change the world, is the one who does.
One more Jumla plan
muthu n s
per head hardly ₹ 13, will get and what a publicity
What happened to the doubling of farmers income by 2021 said in the bjp manifesto? can we expect any positive result?
What is your contribution to the nation so far??