One lakh crore rupees have been approved for the creation of an agricultural infrastructure fund by the central government. With the help of this fund, loans will be given at a cheaper rate for the development of infrastructure in the agriculture sector and this will give impetus to private investment in remote rural areas as well as create new jobs.
Presiding over the Union Cabinet meeting on this subject, PM Modi took a decision in this regard. Let us know that the Agriculture Infrastructure Fund is a part of the same economic stimulus package of PM’s Rs 20 lakh crore that he announced a few days ago while addressing the nation.
Giving information about the decisions taken in this meeting, Union Agriculture Minister Narendra Singh Tomar said, “This is a historic decision. This will give a further boost to the agricultural sector. “He further said that” The agriculture infrastructure fund of Rs one lakh crore will work as a medium to encourage private investment in rural areas. The Cabinet has approved this. It will help transform the agricultural sector.”
Source: Navbharat Times
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