PM launches financing facility of Rs 1 lakh crore


New Delhi (UNI)

Prime Minister Narendra Modi on Sunday launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of Rs one lakh crore to support in building community farming assets and also released the sixth instalment under the PMKISAN scheme of Rs 17,000 crore to nearly 8.5 crore farmers. 

The scheme will support farmers, Primary Agricultural Credit Society (PACS), Food Processing Organisations and agri-entrepreneurs in building community farming assets and postharvest agriculture infrastructure. These assets will enable farmers to get a 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.