Published On : Fri, May 15th, 2020

FM announces Rs1 lakh crore for agri infrastructure fund

Finance Minister Nirmala Sitharaman announces setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure.

This fund will be used for setting up cold chains and post-harvest management infrastructure, she said while announcing the third tranche of COVID-19 relief package.

She also announced a Rs 10,000 crore scheme for formalisation of micro food enterprises.

The scheme will be launched to help 2 lakh MFEs by adopting cluster-based approach such as mango in Uttar Pradesh, kesar in Jammu & Kashmir, bamboo shoots in North-East, chilli in Andhra Pradesh, tapioca in Tamil Nadu.

This fund would help in reaching untapped export markets in view of improved health consciousness.