Government spending Rs 6.5 lakh crore yearly on agriculture, farmers’ welfare: PM

By PTI

NEW DELHI: Prime Minister Narendra Modi on Saturday mentioned his authorities is spending Rs 6.5 lakh crore yearly for the agriculture sector and farmers’ welfare, and known as upon cooperatives to assist in making the nation self-reliant in cooking oils.

Speaking at an occasion on the event of International Day of Cooperatives, the prime minister additionally highlighted the work executed by his authorities, like PM Kisan scheme, MSP operations, and fertiliser subsidy since coming to energy in 2014.

In the final 9 years, Modi mentioned, greater than Rs 15 lakh crore had been given to farmers by procuring their produce on the MSP. The authorities, he mentioned, spent Rs 10 lakh crore in direction of fertiliser subsidy final yr.

In different phrases, the federal government is spending round Rs 6.5 lakh crore per yr on agriculture and farmers, the prime minister mentioned.

“This implies that yearly the federal government is offering a median of Rs 50,000 to each farmer in some kind or the opposite.

“That is, in the BJP government, farmers are guaranteed to get Rs 50,000 every year in different ways. This is Modi’s guarantee,” he mentioned, and added that he was solely stating what his authorities has executed and never simply speaking about “promises”.

In the final 4 years, the prime minister mentioned, Rs 2.5 lakh crore had been despatched on to financial institution accounts of farmers beneath PM KISAN scheme.

“You can guess how big this amount is from the fact that the total agricultural budget for the five years before 2014 was less than Rs 90,000 crore,” Modi mentioned.

He was talking on the seventeenth Indian Cooperative Congress.

During the two-day occasion, the stakeholders will talk about numerous developments in cooperative motion, showcase greatest practices being adopted, deliberate challenges being confronted and chalk out future coverage motion for development of India’s cooperative motion. 

NEW DELHI: Prime Minister Narendra Modi on Saturday mentioned his authorities is spending Rs 6.5 lakh crore yearly for the agriculture sector and farmers’ welfare, and known as upon cooperatives to assist in making the nation self-reliant in cooking oils.

Speaking at an occasion on the event of International Day of Cooperatives, the prime minister additionally highlighted the work executed by his authorities, like PM Kisan scheme, MSP operations, and fertiliser subsidy since coming to energy in 2014.

In the final 9 years, Modi mentioned, greater than Rs 15 lakh crore had been given to farmers by procuring their produce on the MSP. The authorities, he mentioned, spent Rs 10 lakh crore in direction of fertiliser subsidy final yr.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );

In different phrases, the federal government is spending round Rs 6.5 lakh crore per yr on agriculture and farmers, the prime minister mentioned.

“This implies that yearly the federal government is offering a median of Rs 50,000 to each farmer in some kind or the opposite.

“That is, in the BJP government, farmers are guaranteed to get Rs 50,000 every year in different ways. This is Modi’s guarantee,” he mentioned, and added that he was solely stating what his authorities has executed and never simply speaking about “promises”.

In the final 4 years, the prime minister mentioned, Rs 2.5 lakh crore had been despatched on to financial institution accounts of farmers beneath PM KISAN scheme.

“You can guess how big this amount is from the fact that the total agricultural budget for the five years before 2014 was less than Rs 90,000 crore,” Modi mentioned.

He was talking on the seventeenth Indian Cooperative Congress.

During the two-day occasion, the stakeholders will talk about numerous developments in cooperative motion, showcase greatest practices being adopted, deliberate challenges being confronted and chalk out future coverage motion for development of India’s cooperative motion.