Agri infrastructure fund to create jobs, develop rural economy: Amit Shah

Union Home Minister Amit Shah on Sunday expressed gratitude to Prime Minister Narendra Modi for launching a Rs 1 trillion Agriculture Infrastructure Fund and said it will generate new employment opportunities and strengthen the rural economy.

In a series of tweets in Hindi, Shah said agriculture is the foundation of the Indian economy and the Modi government has been striving to strengthen it for the last six years.

Shah said many unprecedented steps have been taken to double the income of farmers and for the development of the agriculture sector.

"I am confident that due to the untiring efforts of PM Narendra Modi, Indian agriculture will become world-class in the times to come," he said.

The home minister said the agriculture infrastructure fund will accelerate creation of many infrastructure projects such as cold storage, collection centres, processing units so that the hardworking farmers can get the true value for their produce.

Shah expressed his gratitude to the prime minister for launching the fund and transferring Rs 17,000 crore in the accounts of 8.5 crore farmers under 'PM-Kisan' for the development of agriculture sector and rural areas.

The prime minister on Sunday launched a financing facility of Rs 1 trillion under the Agri-Infra Fund that will help create post-harvest infrastructure in villages and generate jobs.


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel