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

Union Agriculture Minister Narendra Singh Tomar on Friday harassed the necessity to enhance private investment in the farm sector and requested entrepreneurs to arrange food processing units. 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 by way of video convention, in accordance with an official assertion.

Tomar, who can be the meals processing minister, inspired entrepreneurs to arrange meals processing items in the nation, and guaranteed them that the federal government will present all attainable 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 progress 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 is able to assist in bringing infrastructure equivalent to chilly storage and warehouses to villages.

He additional acknowledged that the central authorities is organising 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 diminished 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.