Sitharaman announces setting up of ₹1 lakh crore agri infrastructure fund

This fund will be used for setting up cold chains and post-harvest management infrastructure, the Finance Minister said

Union Finance Minister Nirmala Sitharaman announced a ₹10,000 crore scheme for formalisation of micro food enterprises. Photo: PTI

Union Finance Minister Nirmala Sitharaman on Friday (May 15) announced setting up of a ₹1 lakh crore agriculture 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 ₹10,000 crore scheme for formalisation of micro food enterprises (MFE).

Advertisement

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.

Get breaking news and latest updates from India
and around the world on thefederal.com
FOLLOW US: