Agriculture Minister Narendra Singh Tomar emphasises on raising private investment in farm sector

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Union Agriculture Minister Narendra Singh Tomar on Friday harassed the necessity to improve private investment in the farm sector and requested entrepreneurs to arrange meals processing models. The minister was addressing a summit on ‘Agriculture and Food Processing Opportunities in Madhya Pradesh’ organised by the Ministry of Food Processing, in partnership with ASSOCHAM and Invest India via video convention, in keeping with an official assertion.

Tomar, who can also be the meals processing minister, inspired entrepreneurs to arrange meals processing models in the nation, and warranted them that the federal government will present all potential assist.

He knowledgeable that the federal government is granting speedy approvals to the meals processing initiatives.

“The Union minister also stressed on the need to bring private investment and latest technology in the field of farming,” the assertion stated.

Tomar acknowledged that the federal government is making steady efforts to extend the earnings of the small farmers.

Stating that 86 per cent of farmers in the nation are small farmers, the minister stated self-sufficiency of villages and development of agriculture sector can’t be imagined with out their empowerment.

Tomar stated the central authorities is making efforts in order that small and medium farmers may additionally domesticate costly crops, and get the good thing about agro-technology to provide crops of world high quality requirements.

Under the Aatmanirbhar Bharat Package, Rs 1 lakh crore has been allotted for agricultural infrastructure which can assist in bringing infrastructure comparable to chilly storage and warehouses to villages.

He additional acknowledged that the central authorities is establishing 10,000 new farmer producer organisations (FPOs) in the nation with an estimated spending of Rs 6,865 crore.

Farmers can get the good thing about lowered prices, higher market and built-in irrigation facility by becoming a member of FPOs. FPOs might be given a 3 per cent rebate in curiosity for loans.

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