Prime Minister Narendra Modi has launched a debt financing facility under the Agriculture Infrastructure Fund with a budget of ₹ 1 lakh crore.
Under this, Farmer Producer Organisation Schemes, self-help groups and agri-entrepreneurs can take loans to build infrastructure for post-harvest management and community farming assets, like cold storage, collection centres and processing units.
Government has also released the next instalment of ₹ 2,000 each to 8.5 crore farmers under the PM-Kisan scheme. This was the sixth instalment of the scheme, which, launched in 2018, promised to provide direct cash benefit of ₹ 6,000 per year to to more than 10 crore farmers. ₹ 17,100 crore has been spent on the scheme this time.
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