New Delhi: In the decision intended to increase its promise that new agricultural laws will not lead to dismantling “Mandis”, the cabinet on Thursday approved modifications to financing under the ‘agricultural infrastructure funds’, which enabled it to strengthen the agricultural markets Regulated.
These funds have kitty from Crore Lakh RS 1 to finance infra related to different agriculture through easy loans and low flowering to RS 2 Crore under the ‘Subvention of Interest’ scheme.
This step occurred when the center renewed its appeal to anxious agricultural union to return to the table even when he ruled out legal revocation.
Under modifications, the feasibility has been extended to state / APMC agencies, National Federation & State Cooperative, Federation of Farmers’ Producers Organizations (FPO) and Swadaya Group Federation (SHG).
If a qualified entity requires a project in a different location, all these efforts will be eligible for ‘subvention of interest’ for loans to RS.2 Crore.
However, there will be a maximum of 25 projects for private sector units.
“For APMC, interest subvention for loans to RS 2 Crore will be provided for each project of various types of infrastructure such as cold storage, sorting, assessment and testing units, silos, etc.
in the same market page,” the official statement said on the cabinet step.
Welcoming Moving, taken at the first meeting after the cabinet expansion, Interior Minister Amit Shah said the Modi government is committed to farmers’ agriculture and prosperity.
He said that this historic decision was a reflection of the government’s determination to further strengthen the APMC system.
“This decision will not only empower APMC but will also increase job opportunities and more people,” Shah said, who has also made the minister of new cooperation occur.
The decision to allow this fund to be used for APMC is also a signal to protest farmers who are ‘Mandic’ and the mechanism for the procurement of plants with the price of minimum support (MSP) will not end as feared by farmers after the new agricultural law is feared.
Emphasizing how the center was intended to strengthen the ‘bath’ system and procurement, Agriculture Minister Narendra Singh Tomar said the government was committed to reforming the agricultural sector so that farmers throughout the country had benefited from it.
Said the worries of farmers who were nervous to revoke three agricultural laws, Tomar said that the offer of his ministry to continue talks with farmer unity when he announced several times because trade unions did not suppress to revoke agricultural laws.
The cabinet also approved the amendment in the Coconut Agency Law, allowing it to enable non-official people such as farmer representatives to lead the Board.
Loan agricultural infrastructure funds to improve APMC
