01-01-1970 12:00 AM | Source: Accord Fintech
Centre infuses Rs 1,31,000 crore to boost agriculture and allied sectors: Shobha Karandlaje
News By Tags | #6427 #6527 #248

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

In order to boost agriculture and allied sectors, Union Minister Shobha Karandlaje said that the Centre has infused Rs 1,31,000 crore with special emphasis on becoming an export-oriented economy as India has tremendous potential to satiate global demand. Karandlaje e-inaugurated various projects of the public works department, costing Rs 519.50 lakh and laid e-foundation stones of different projects worth Rs 198.2 lakh. She also inaugurated a pasteurised compost unit under the Trikuta mushroom corridor project at Burmal.

The Union minister of state for agriculture and farmers welfare said the Centre under the leadership of Prime Minister Narendra Modi is keen to uplift the agriculture community by providing financial as well as technological support under various schemes run by the central government. While highlighting the achievements of India in the agriculture sector, she said that India is making remarkable progress in this field which has further improved its ranking in terms of exporting agriculture-based products. She added India now stands at the ninth position globally.

Projecting the recent stride made by India in agriculture production, the minister said the agriculture sector is now contributing over 20 per cent in India's GDP which is expected to grow further. She said that for smooth functioning of farmer producer organisation (FPO), a separate corpus will be created through which the staff appointed shall be remunerated besides provision of low interest rate soft loans and subsidies shall be made. The minister emphasised on the need for technological interventions like mechanised farming, branding, marketing, processing, value addition to farm products etc so that farmers could get remunerative prices for their produce.