Union Finance & Corporate Affairs Minister Nirmala Sitharaman on Friday in her press conference announced the 3rd tranche of measures to strengthen Infrastructure Logistics, Capacity Building, Governance and Administrative Reforms for Agriculture, Fisheries and Food Processing Sectors.

Giving details, Sitharaman said that out of these 11 measures, 8 measures are for improving agricultural infrastructure and 3 measures are for administrative and governance reforms, including removing restrictions on sale and stock limits of farm produce.

Further, a new scheme to provide interest subvention @2% per annum to dairy cooperatives for 2020-21 has been launched, also providing additional 2% p.a interest subvention on prompt payment/interest servicing.

This scheme will unlock Rs 5,000 crore additional liquidity, benefitting 2 crore farmers.

SOURCE – DD NEWS

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