NEW DELHI: Finance minister Nirmala Sitharaman on Friday announced a ₹1 trillion fund for entrepreneurs to set up facilities to procure, store and market agriculture produce, a move which would at improve the value realised by farmers.
The announcement comes after some state governments, including Uttar Pradesh, allowed procurement and trading of farm produce anywhere in the state without the need to go to wholesale markets.
Announcing the third tranche of the ₹20 trillion economic package, Sitharaman said the ₹1 trillion fund is meant for aggregators, cooperative societies and farm entrepreneurs for strengthening farm gate infrastructure.