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Nirmala Sitharaman: Rs 1 lakh crore Agri Infrastucture Fund for farm-gate infrastructure for farmers

15 May, 2020 17:35 IST | mid-day online correspondent Check for updates

Finance Minister Nirmala Sitharaman announces the third tranche of economic package that focuses on infrastructure and building capacities in the agriculture and allied activities.

  • 15 May, 2020 17:02 IST

    Finance Minister Nirmala Sitharaman said that a facilitative legal framework will be created to enable farmers for engaging with processors, aggregators, large retailers,exporters in a fair and transparent manner.

  • 15 May, 2020 16:59 IST

    Finance Minister said that a central law will be formulated to provide adequate choices to the farmers to sell produce at an attractive price, barrier-free interstate trade and framework for e-trading of agricultural produce.

  • 15 May, 2020 16:58 IST

    The government has announced an amendment to the Essential Commodities Act to enable better price realisation for farmers. Agriculture products including cereals, edible oils, oilseeds, pulses, onions, and potatoes to be de-regulated in the Act.

  • 15 May, 2020 16:55 IST

    Finance Minister Nirmala Sitharaman said that Operation Greens will be extended from Tomatoes, Onions and Potatoes (TOP) to all fruits and vegetables (TOTAL)

  • 15 May, 2020 16:53 IST

    The government has decided to implement a Rs 500 crore scheme of infrastructure development related to integrated beekeeping development centres, collection,marketing & storage centres, post-harvest and value addition facilities; this will lead to an increase in income of 2 lakh bee-keepers.

  • 15 May, 2020 16:51 IST

    Finance Minister Nirmala Sitharaman said National Medicinal Plants Board will bring 800-hectare area by developing a corridor of medicinal plants along the banks of river Ganga.

  • 15 May, 2020 16:44 IST

    FM Sitharaman announced the government has allocated Rs 4000 crore for promotion of herbal cultivation.

  • 15 May, 2020 16:42 IST

    The government announces Animal Husbandry Infrastructure Development Fund of Rs 15,000 crores.

  • 15 May, 2020 16:39 IST

    Finance minister announces National Animal Disease Control Programme for Foot and Mouth Disease and Brucellosis with a total outlay of Rs 13,343 crores

  • 15 May, 2020 16:36 IST

    The Finance Minister announced launch of the Rs 20,000 crore Pradhan Mantri Matsya Sampada Yojana for development of marine and inland fisheries in which 55 lakh people expected to get employment.

  • 15 May, 2020 16:33 IST

    FM Nirmala Sitharaman said that all COVID-19 related deadline extensions relating to fisheries activities, many of them involving overseas contracts, have been honoured and very many measures which will help marine and coastal farmers have been undertaken as promised.

  • 15 May, 2020 16:27 IST

    The finance minister announced  Rs 10,000 crores scheme for the formalisation of Micro Food Enterprises (MFE); She said the scheme promotes PM Narendra Modi's vision of 'Vocal for Local with global outreach'

  • 15 May, 2020 16:24 IST

    The government will immediately create a Rs 1 lakh crore Agri-Infrastructure Fund for farm gate infrastructure for farmers, said Finance Minister Nirmala Sitharaman.

  • 15 May, 2020 16:19 IST

    The finance minister said that during COVID lockdown period, the demand for milk reduced by 20-25%. A new scheme to provide interest subvention at 2% per annum to dairy cooperatives for  2020-21. The scheme will unlock Rs 5000 cr additional liquidity, benefit to 2 cr farmers, she added.

  • 15 May, 2020 16:18 IST

    Sitharaman said that during lockdown period, minimum support price purchases of amount was more than Rs 74,300 crores; Fund transfers of PM Kisan fund was Rs 18700 crores

  • 15 May, 2020 16:14 IST

    The finance minister said that she would be announcing 11 measures, of which 8 of them relate to strengthening infrastructure, capacities and building better logistics, while the rest 3 will pertain to governance and administrative reforms

  • 15 May, 2020 16:12 IST

    In the third press conference of the Economic Package, Finance Minister Nirmala Sitharaman said that today's announcement would focus on agriculture and allied activities. 

  • 14 May, 2020 17:17 IST

    Rs 30,000 crores additional emergency working capital funding through NABARD; 3 crore farmers to benefit: FM Nirmala Sitharaman

  • 14 May, 2020 17:12 IST

    Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards: FM Nirmala Sitharaman.

  • 14 May, 2020 17:12 IST

    To create job opportunities for tribals/adivasis -plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management & Planning Authority (CAMPA) Funds: FM Nirmala Sitharaman

  • 14 May, 2020 17:07 IST

    NABARD to extend additional re-finance support of Rs 30,000 crores for crop loan requirement of Rural Co-op banks and RRBs: FM Nirmala Sitharaman.

  • 14 May, 2020 17:02 IST

    Government to extend the Credit Linked Subsidy Scheme up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21 , says FM Nirmala Sitharaman.

  • 14 May, 2020 16:59 IST

    Government to support nearly 50 lakh street vendors with Rs 5000 crore Special Credit Facility: FM Nirmala Sitharaman.

  • 14 May, 2020 16:55 IST

    Government of India will provide Interest subvention of 2 percent for prompt MUDRA-Shishu Loans payees for a period of 12 months, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:53 IST

    Government to launch a scheme for affordable rental housing for migrant workers/urban poor to provide ease of living by converting govt funded housing in cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire: FM Nirmala Sitharaman

  • 14 May, 2020 16:52 IST

    We assure 100 percent of national portability of 'One nation one ration card' by March 31, 2021: FM Nirmala Sitharaman.

  • 14 May, 2020 16:48 IST

    One Nation One Ration Card will be implemented across the country, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:45 IST

    Free food grains supply to all migrants for the next 2 months. For non-card holders, they shall be given 5kg wheat/rice per person and 1 kg chana per family/month for 2 months. 8 crore migrants will benefit- Rs 3500 crores to be spent on this: FM Nirmala Sitharaman

  • 14 May, 2020 16:44 IST

    We are extending EPF support for business and organised workers for another 3 months for salary months of June, July and August 2020, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:41 IST

    We want to give the right to minimum wage universally to all workers. We are proposing a national floor-wise wage rate so that uniform wage rate prevails across states, says FM Nirmala Sitharaman on reforms in works.

  • 14 May, 2020 16:34 IST

    Minimum wage for workers hiked from Rs 182 to Rs 202 per day. States and UTs have also been told to provide jobs to migrants: FM Nirmala Sitharaman

  • 14 May, 2020 16:32 IST

    7,200 new SHGs for urban poor have been formed during the last two months, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:28 IST

    We have already generated 14.62 crore person-days of work till 13th May, which is 40-50 percent more persons enrolled as compared to last May. Migrant workers going back to their states being actively enrolled: FM Nirmala Sitharaman.

  • 14 May, 2020 16:26 IST

    Direct support to farmers and rural economy provided post Covid-19 as part of Aatma Nirbhar Bharat Package, says FM. She further said that 25 lakh new Kisan Credit Cards have been sanctioned with a loan limit of Rs 25,000 crore.

  • 14 May, 2020 16:24 IST

    Governmentt has permitted state governments to utilise SDRF for setting up shelter for migrants and providing them food and water etc...We are conscious, we are attending to the migrants and giving them in various different ways, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:22 IST

    Lauding FM Nirmala Sitharaman, EAM Jaishankar tweeted, "Foreign Policy begins at home. A strong economy allows our voice to be heard in the world."

  • 14 May, 2020 16:16 IST

    Three crore marginal farmers have already availed Rs 4 lakh crore of loans on concessional rates, says FM Nirmala Sitharaman as she unveils 2nd tranche of eco package.

  • 14 May, 2020 16:15 IST

    A total of nine steps will be announced today, says FM Sitharaman. These include 3 for migrant workers, 1 for Shishu loan within mudra, 1 for street vendors, 1 for housing, 1 for employment generations largely for tribals and 2 for small farmers.

  • 14 May, 2020 16:04 IST

    Today's initiatives focuses on migrant workers, street vendors, small traders, the self-employed and small farmers, says FM Nirmala Sitharaman.

  • 14 May, 2020 16:02 IST

    Watch Finance minister Nirmala Sitharaman second address to the nation here:

  • 14 May, 2020 15:59 IST

    Union Health Minister Dr. Harsh Vardhan visited National Centre for Disease Control today and inaugurated an automated COVID-19 testing machine in New Delhi.

  • 14 May, 2020 15:50 IST

    After announcing 16 measures as part of the 20 lakh crore Aatma Nirbhar Bharat Abhiyan Package, Finance Minister Nirmala Sitharaman will be addressing a second press conference today at 4 pm. Stay tuned for live updates.

  • 14 May, 2020 15:20 IST

    Delhi sees biggest spike in number of Coronavirus cases

    472 new COVID-19 cases in Delhi cause biggest single-day spike. Delhi's Covid tally stands at 8470, including 3,045 recovered patients and 115 deaths.

  • 14 May, 2020 15:17 IST

    FM Nirmala Sitharaman to address another press conference today at 4 pm

    Finance Minister Smt. Nirmala Sitharaman will address a Press Conference today, 13th May 2020, at 4 PM in New Delhi.

  • 14 May, 2020 14:45 IST

    'Work from home' to be new normal for govt offices post lockdown: Personnel Ministry

    Asserting that central government employees may have to work with staggered attendance and variable working hours, the Personnel Ministry has come out with a draft framework for ‘work for home’ for the staff post-lockdown.

    The Department of Personnel and Training (DoPT) may provide option for work from home to the eligible officers/staff for 15 days in a year as a matter of policy, it said.


  • 13 May, 2020 19:39 IST

    PM Narendra Modi: Economic packages will help businesses, especially MSMEs

    Prime Minister Narendra Modi said the announcements made by the government to boost the economy will go a long way in addressing issues faced by businesses, especially MSMEs.  He tweeted saying that the steps will boost liquidity, empower the entrepreneurs and 'strengthen their competitive spirit.'

  • 13 May, 2020 17:24 IST

    Finance Ministry also extend Vivaad se Vishwas scheme till December 31, 2020.

  • 13 May, 2020 17:19 IST

    TDS/TCS rates to be reduced by 25 percent till March 31, 2021, says FM Nirmala Sitharaman.

  • 13 May, 2020 17:16 IST

    Due date of all IT Return filings extended from July 31 to November 30, says FM Nirmala Sitharaman.

  • 13 May, 2020 17:12 IST

    "Treat COVID-19 as an event of 'Force Majeure' under RERA,"says FM Nirmala Sitharaman.

  • 13 May, 2020 17:08 IST

    Providing major relief to contractors, FM Nirmala Sitharaman said that all Central agencies will provide an extension of up to 6 months, without cost to contractor, to obligations like completion of work covering construction and goods and services contracts.

  • 13 May, 2020 17:05 IST

    FM Nirmala Sitharaman announces Rs 90,000 crore liquidity injection for Power Distribution Companies (DISCOMs).

  • 13 May, 2020 17:04 IST

    Reacting to FM Nirmala Sitharaman's address to the nation, Tehseen Poonawalla asks, "The MSME package announced by ma'am #NirmalaSitharaman ji today , wasn't this already announced by Nitin Gadkari ji?

  • 13 May, 2020 16:57 IST

    Government launches a Rs 30,000 crore Special Liquidity Scheme for non-banking financial companies, microfinance companies, housing finance companies: FM Nirmala Sitharaman.

  • 13 May, 2020 16:55 IST

    In order to provide more take home salary for employees, EPF contribution is being reduced for businesses and workers for 3 months, amounting to liquidity support of Rs 6750 crores: FM.

  • 13 May, 2020 16:52 IST

    Government of India support towards EPF contribution extended by another 3 months for June, July, and August, says FM Nirmala Sitharaman. This will benefit 70.22 lakh employees.

  • 13 May, 2020 16:49 IST

    Government of India and Central Public Sector Enterprises will honour every MSME receivable in the next 45 days: Finance Minister Nirmala Sitharaman.

  • 13 May, 2020 16:45 IST

    Amid FM Nirmala Sithraman's speech, Central Pollution Control Board bans use of plastic, thermocol & plaster of Paris in making idols to ensure idol immersion in eco-friendly manner in country, reports news agency PTI.

  • 13 May, 2020 16:44 IST

    Global tenders to be disallowed in Government procurement up to Rs 200 crores. This will make self-reliant India, will also then be able to serve 'Make in India', says Finance Minister Nirmala Sitharaman.

  • 13 May, 2020 16:39 IST

    Definition of MSMEs is changing, which is in favour of the MSMEs, says FM Nirmala Sitharaman.

  • 13 May, 2020 16:37 IST

    Collateral free loan to be provided to SMEs with 12 month moratorium; 45 lakh units to benefit, says FM as she announced parts of economic package.

  • 13 May, 2020 16:36 IST

    Rs 50,000 crore equity infusion for MSMEs through Fund of Funds; to be operated through a Mother Fund and few daughter funds; this will help to expand MSME size as well as capacity: Finance Minister Nirmala Sitharaman.

  • 13 May, 2020 16:34 IST

    Government to provide stressed MSMEs with equity support; Government will facilitate the provision of Rs. 20,000 Crores as subordinate debt, says FM Nirmala Sitharaman.

  • 13 May, 2020 16:28 IST

    FM Nirmala Sitharaman announce Rs 3 lakh crores collateral-free automatic loans for businesses, including SMEs. Borrowers with up Rs 25 crore outstanding and Rs 100 crore turnover are eligible, she said.

  • 13 May, 2020 16:25 IST

    Beginning today, over the next few days we will come before you (media) with team to put forth PM Modi's vision, says FM Nirmala Sitharaman.

  • 13 May, 2020 16:23 IST

    PM Narendra Modi is known to take big decisions and his vision will help make India self-reliant, says Anurag Thakur, Union Minister of State for Finance & Corporate Affairs. He further said that the first step taken by PM was providing Rs 1.70 lakh crore PM Garib Kalyan Yojana scheme for welfare of poor.

  • 13 May, 2020 16:14 IST

    Atmanirbhar (self-reliant) India does not mean India is to be an isolationist country, says Finance Minister Nirmala Sitharaman.

  • 13 May, 2020 16:12 IST

    "Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!...Today, we look forward to the FM filling the blank page," tweets Former Finance Minister P. Chidambaram.

  • 13 May, 2020 16:10 IST

    Talking about the special econimic package, FM Nirmala Sitharaman says that the package is to spurt growth and to build a very self reliant India and that is why this whole initiative is called Atmanirbhar Bharat Abhiyan, sasy FM Nirmala Sitharaman.

  • 13 May, 2020 16:07 IST

    PM Narendra Modi laid out a comprehensive vision, and that vision was laid out after wide consultations with several sections of the society, says FM Nirmala Sitharaman.

  • 13 May, 2020 16:05 IST

    FM Nirmala Sithraman's address will be telecast live on all channels of national broadcaster Doordarshan as well as aired on All India Radio. It can also be viewed on Ministry of Finance's Twitter and Facebook handles. Watch the speech here:

  • 13 May, 2020 15:40 IST

    Welcoming PM Narendra Modi's Rs 20 lakh crore special package, Goa Chief Minister Pramod Sawant said that the move would spur economic growth in India. "The Rs 20 lakh crore package will spur economic growth of the country during the pandemic," Sawant said.

  • 13 May, 2020 15:20 IST

    Amid the rising number of coronavirus cases in the state, Maharashtra government sought 20 companies of Central Armed Police Force (CAPF) to maintain law and order and peace during the COVID-19 pandemic, Home Minister Anil Deshmukh said.

  • 13 May, 2020 15:05 IST

    Talking about PM Narendra Modi's call for Aatma Nirbhar Bharat, FM Nirmala Sitharaman said that it does not imply isolationism or becoming exclusionist. She also said that PM Modi was confident that will people of India will lead the Aatmanirbhar Bharat Abhiyan.

  • 13 May, 2020 14:40 IST

    Taking to Twitter, Ministry of Finance said that Union Finance Minister Nirmala Sitharaman will address a press conference in New Delhi at 4 pm today. This comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country.

  • 13 May, 2020 14:20 IST

    On Tuesday, India reported 3,525 fresh cases of coronavirus thereby taking the COVID-19 tally to 74,281. Of the total cases, 47480 are active and 2,415 are fatalities so far while at least 24,385 people have recovered from the disease, the Union Health Ministry said on Wednesday.

  • 12 May, 2020 21:20 IST

    Responding to Prime Minister Narendra Modi's call to be self-reliant, Finance Minister Nirmala Sitharaman said that every big product, branded product, were local sometime.

  • 12 May, 2020 21:12 IST

    Thanking PM Modi for the special package, Indian film actor Pawan Kalyan said that the fiscal stimulus shall be a historic reform. He also said that the 21st century will belong to India.

  • 12 May, 2020 21:09 IST

    Reacting to PM Narendra Modi's address to the nation, author Chetan Bhagat said that the special package is definitely a step in the right direction. In another tweet, Bhagat said that the global pandemic will create big economic reforms that were needed but never done.

  • 12 May, 2020 21:03 IST

    Special economic package is for our labourers, farmers, honest taxpayers, MSMEs and cottage industry and starting Wednesday, finance minister Nirmala Sitaraman will explain the details of the special economic package, said the PM.

  • 12 May, 2020 20:56 IST

    Talking about Lockdown 4.0, Prime Minister Narendra Modi said that information related to the extension of the lockdown will be given to the countrymen before 18th May.

  • 12 May, 2020 20:38 IST

    This era of self-reliant India will be a new festival for every Indian. Now we have to move forward with a new life force, new determination, says Modi.

  • 12 May, 2020 20:34 IST

    Fourth phase to be complete different

    We must not restrict our lives only around coronavirus, Modi said in his speech on Tuesday, and added that the fourth phase of the coronavirus lockdown in India will be completely different from the earlier three phases of the lockdown.

  • 12 May, 2020 20:33 IST

    Renewed Lockdown 4.0 details will be addressed before May 18: PM Modi

  • 12 May, 2020 20:32 IST

    Experts say that coronavirus will stay for a long time. But we must not let this crisis overwhelm us. We will take all precautions but still move ahead, says Modi

  • 12 May, 2020 20:31 IST

    Every Indian to be vocal about local: Modi

    PM bats for local products, says every Indian must be "vocal about local". "We mustn't just purchase local products but also promote them globally".

  • 12 May, 2020 20:30 IST

    There's a special focus on the poor, migrants, labourers, fishermen, etc in the financial package. It is the need of the hour for India to play a significant role in the global supply chain.

  • 12 May, 2020 20:27 IST

    Modi announces economic package for farmers, middle class families

    Economic package is for the middle-class who pay their taxes responsibly, for the ones who are fighting tirelessly, for the industries, says PM Modi.

  • 12 May, 2020 20:26 IST

    Lockdown 4 trends on Twitter

    Amid Prime Minister Narendra Modi's address to the nation, #NarendraModi and #Lockdown4 started to trend on social networking site Twitter. 

  • 12 May, 2020 20:23 IST

    Package for land, labour, liquidity, law areas

    Modi announced Rs 20 lakh package for land, labour, liquidity, law areas.

  • 12 May, 2020 20:22 IST

    The recent decisions by the government, the decisions by the RBI combined with today's financial package announcement come to about Rs 20 lakh crore - almost 10 per cent of the country's GDP.

  • 12 May, 2020 20:21 IST

    Modi announces special economic package for 'self-reliant' India

    The Prime Minister announced a special package of Rs 20 lakh crore to build a self-reliant India.

  • 12 May, 2020 20:20 IST

    Narendra Modi praises Indian medicines

    In a world that is fighting life & death, India's medicines today bring a new hope. With these steps, when India is being praised everywhere in the world, every Indian feels proud: Prime Minister Narendra Modi

  • 12 May, 2020 20:19 IST

    This magnificent building of self-reliant India will stand on five pillars, says Modi, Five pillars that India will stand on to become self-reliant are Economy, Infrastructure, Systems, Demography and Demand.

  • 12 May, 2020 20:14 IST

    India's tech experts helped in coming out of Y2K crisis

    Narendra Modi said, "India's tech experts helped the world come out of the Y2K crisis at the turn of the century. The world now believes that India can do very well. Can contribute greatly towards the welfare of mankind."

  • 12 May, 2020 20:12 IST

    India to become self-reliant

    Saying that India has been an example for progress in the last century, Modi said that the country needs to become self-reliant in the world after the coronavirus pandemic.

    "Before the pandemic, India wasn't producing N-95 masks or any PPE equipment, but now there are lakhs of PPE equipment being produced in India," he added.

  • 12 May, 2020 20:10 IST

    India's progress in manufacturing N95 masks and PPE kits

    Narendra Modi said, "When the crisis started then not even a single PPE kit was manufactured in India, only a few N95 masks were available. Today 2 Lakh PPE kits and 2 Lakh N95 masks are manufactured in India daily."

  • 12 May, 2020 20:09 IST

    Narendra Modi focuses on strengthening resolve

    "We have to protect ourselves, and also move forward. We need to further strengthen our resolve," Modi said. 

  • 12 May, 2020 20:06 IST

    Prime Minister Narendra Modi says that more than 42 lakh people from different countries have been infected by #COVID19, more than 2.75 lakh people have lost their lives due to the virus. "In India too many families have lost their dear ones, I express my condolences to them," he said.

  • 12 May, 2020 20:04 IST

    Narendra Modi: World in a state of war

    Prime minister Narendra Modi started speaking on COVID-19 situation, and said the world has been battling the pandemic for over four months now. Over 3 lakh people around the world have succumbed to the infection, he says, condoling the deaths.


  • 12 May, 2020 20:01 IST

    Prime Minister's address begins

    The Prime Minister begins his address to the nation.

  • 12 May, 2020 19:53 IST

    Mamata Banerjee on meet with Prime Minister

    West Bengal chief minister Mamata Banerjee criticised Prime Minister Narendra Modi over the lack of a plan against COVID-19. "There are expectations during meetings with prime minister, however we return with an empty basket every time. There is no income for the last two months but we are not getting any alternative from Centre."


  • 12 May, 2020 19:49 IST

    Coronavirus in India

    Today is the forty-ninth day of India’s nationwide lockdown, which is meant to stop the novel coronavirus pandemic. Known COVID-19 cases in India stand at 70,756. The death toll in India due to the outbreak has reached 2,293.

  • 12 May, 2020 19:47 IST

    Doubling time improves

    Health minister Harsh Vardhan said that the doubling time of coronavirus cases in India has improved to 12.2 days from 10.9 days. He also added that there is a need for "enhanced surveillance and contact-tracing in view of migrants and expats returning home."

  • 12 May, 2020 19:46 IST

    When and where to watch?

    PM Modi’s address will be telecast live on all channels of national broadcaster Doordarshan as well as aired on All India Radio. It can also be viewed on PMO India’s Twitter and Facebook handles. Prime Minister Narendra Modi will address the nation at 8 pm today.

  • 12 May, 2020 19:43 IST

    Prime Minister's fifth address to the nation

    This will be the prime minister's fifth address to the nation, including a video message, following the outbreak of COVID-19. In his March 19 address, the prime minister announced a "janata curfew" on March 22. On March 24, he announced a 21-day nationwide lockdown. On April 3, in a video message, Modi asked the nation to light lamps for frontline corona warriors on April 5.

    The last time the prime minister addressed the nation was on April 14 when he announced the extension of the lockdown till May 3 to contain the spread of COVID-19.

  • 12 May, 2020 19:38 IST

    On Tuesday, PM Narendra Modi's office took to Twitter and announced, "PM Modi will be addressing the nation at 8 PM this evening." Earlier PM Modi had addressed the nation on April 14 when he announced the extension of the lockdown until May 3.

  • 12 May, 2020 19:37 IST

    During his fifth video conference meeting with Chief Ministers of all states, Prime Minister Narendra Modi said that there is "global recognition for India's success in handling the COVID-19 pandemic." He also appreciated made the efforts made by all state governments in this regard. "Let us stay the course as we move forward together," the Prime Minister said.

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