"This agrarian reform will provide new opportunities for farmers to sell their produce, which will increase their profits. This will give our agriculture sector the benefit of modern technology, while empowering the farmers.
"There are many power trying to confuse the farmers. I assure my farmer brothers and sisters that the system of MSP and government procurement will continue. This bill will actually provide many more options to the farmers. They are truly empowering."
Modi's statement comes amid Shiromani Akali Dal leader Harsimrat Kaur Badal's resignation as Union Minister.
Harsimrat Kaur was the Minister for Food Processing. Her party is one of the oldest constituents of the BJP-led National Democratic Alliance.
In a tweet, she said: "I have resigned from the Union Cabinet in protest against anti-farmer ordinances and legislation. Proud to stand with farmers as their daughter and sister."
She called the agriculture-related bills introduced in the Monsoon Session of Parliament "anti-farmer".
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