PM Modi to launch financing facility of Rs 1 lakh crore under Agriculture Infrastructure Fund tomorrow

Prime Minister Narendra Modi will launch a financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund through a video conference on Sunday. He will also release the sixth instalment of funds under the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) scheme, a statement from the Prime Minister’s Office (PMO) said.

“The PM will launch a financing facility of Rs 1 lakh crore under the Agricultural Infrastructure Fund on August 9 at 11 am via video conferencing. He will also release the sixth instalment of funds of Rs. 17,000 crore to 8.5 crore farmers under the PM-KISAN scheme. The event will be witnessed by lakhs of farmers, cooperatives, and citizens across the country. Union Minister of Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar, will also be present on the occasion,” the statement said.

It further said that 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.