PM Modi launches financing facility worth Rs. 1 Lakh Crore under Agriculture Infrastructure Fund
- Prime Minister Shri Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund worth Rs 1 lakh crore, during an event conducted through video conference on 9 August 2020.
- To begin with, PM Modi made the first sanction of over Rs. 1000 Crore to over 2,280 farmer societies under the new facility.
- The Agriculture Infrastructure Fund was approved by the cabinet on 8 July 2020.
- Read more about the Agriculture Infrastructure Fund
- PM also released the 6th installment under the PM-KISAN scheme of Rs. 17,000 Crore to nearly 8.5 Crore farmers directly to their Aadhaar verified bank accounts. With this transfer, the scheme has provided over 90,000 Crore to more than 10 Crore farmers since the launch of PM_KISAN on 01 December 2018.