NEW DELHI: Wishing citizens on the occasion of Balaram Jayanti, Prime Minister Narendra Modi on Sunday informed that he will virtually launch the financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund.
He will also release the sixth installment of funds under the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme.
PM @narendramodi to launch financing facility under Agriculture Infrastructure Fund and release benefits under PM-KISAN at 11 AM on 9th August. https://t.co/ZjeXF6K7fL— PMO India (@PMOIndia) August 8, 2020
via NaMo App pic.twitter.com/XNG6jgc0vy
"Wishing countrymen especially farmers on the occasion of Balaram Jayanti, 'Hal Chhath' and 'Dau janmotsav'. On this special day at 11 am, through video conferencing, I will introduce a funding facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund," Modi tweeted.
"In this programme, the sixth installment of the assistance amount under 'PM-Kisan scheme' will also be released. Rs 17,000 crores will be transferred to the accounts of 8.5 crore farmers. The scheme is proving to be of great help to farmers during the COVID-19 epidemic," he said in another tweet.
इस कार्यक्रम में ‘पीएम-किसान योजना’ के अंतर्गत सहायता राशि की छठी किस्त भी जारी की जाएगी। 8.5 करोड़ किसानों के खातों में 17,000 करोड़ रुपये ट्रांसफर किए जाएंगे। कोविड-19 महामारी के दौरान यह योजना किसानों के लिए बहुत मददगार साबित हो रही है।— Narendra Modi (@narendramodi) August 9, 2020
The event will be witnessed by lakhs of farmers, cooperatives and citizens across the country. Union Minister of Agriculture and Farmers' Welfare Narendra Singh Tomar will also be present on the occasion.
"The fund would bring about the creation of post-harvest management infrastructures and community farming assets such as cold storage, collection centres and processing units. 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. Rs 1 lakh crore will be sanctioned under the financing facility in partnership with multiple lending institutions," read a release by the Prime Minister's Office (PMO).
सभी देशवासियों को, विशेष रूप से किसान भाई-बहनों को बलराम जयंती की, हलछठ, और दाऊ जन्मोत्सव की शुभकामनाएं। इस खास दिन पर सुबह 11 बजे वीडियो कॉन्फ्रेंसिंग के जरिए एग्रीकल्चर इन्फ्रास्ट्रक्चर फंड के तहत एक लाख करोड़ रुपये की वित्तपोषण सुविधा की शुरुआत करूंगा।https://t.co/3q3tPWk0a4— Narendra Modi (@narendramodi) August 9, 2020
The beneficiaries of the scheme will include farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, agri-entrepreneurs, startups, and central/state agency or local body sponsored public-private Partnership Projects, it said.
PM-KISAN scheme, which was launched in December 2018, had provided a direct cash benefit of over Rs 75,000 crores to more than 9.9 crore farmers and enabled them to fulfil their agricultural requirements and support their families.
"The rollout and implementation of the PM-KISAN scheme have 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 crores to aid the farmers during the lockdown period," the release said.(THE NEW INDIAN EXPRESS)