India allocates Rs 1 lakh crore for strengthening agri-infra, cold storage: Minister Tomar from WEF, Davos

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India’s Union Agriculture Minister Narendra Singh Tomar  informed that the Central government has set up a Rs 1 lakh crore fund under the “Aatmanirbhar package” to strengthen the crops storage infrastructure and reduce post-harvesting losses.

Speaking at a discussion on “Unlocking Innovation to Transform Food Systems” during the World Economic Forum’s Davos Agenda summit via video conferencing, he said the government is laying emphasis on research and development for the production and productivity of crops.

“As far as agriculture is concerned, we are also laying emphasis on research and development for production and productivity of crops. It is our effort to see that the crop can be managed in a proper manner after harvesting,” Tomar said.

“Today, India is a foodgrain surplus country but sometimes due to lack of infrastructure, crops get damaged which also affects the environment. To combat this, Rs 1 lakh crore has been announced in the Aatmanirbhar package for strengthening agri-infrastructure and cold storage, hence reducing post-harvest losses,” he said.

The minister said that the government is making efforts to ensure people adopt soil health card system and use water, fertiliser, and pesticides according to soil health’s recommendation. Last year in August, India’s Prime Minister launched a financing facility of Rs one trillion under the Agriculture Infrastructure Fund. He also released the sixth instalment of funds of Rs 17,000 crore to 85 million farmers under the PM-KISAN scheme, as per an official statement.

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