One lakh crore support to Agriculture Infrastructure Fund

On 9th August , Prime Minister Shri Narendra Modi will release the sixth installment of funds of Rs. 17000 crores to 8.5 crore farmers under the PM KISAN scheme. This initiative is part of one lakh crore support to Agriculture Infrastructure Fund.

The Fund will catalyze the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centers, processing units, etc.

These assets will enable farmers to get greater value for their produce, as they will be able to store and sell at higher prices, reduce wastage, and increase processing and value addition.

The rollout and implementation of the PM-KISAN scheme has happened at an unparalleled pace, with funds being directly transferred into the Aadhaar authenticated beneficiaries’ bank account to prevent leakage and increase convenience for farmers.

The scheme has also been instrumental in supporting farmers during the Covid-19 pandemic, through the release of nearly Rs 22,000 Crore to aid the farmers during the lockdown period.