Govt. spending ₹6.5 lakh crore annually on agriculture, farmers' welfare: PM Modi
The Hindu
Speaking at an event on the occasion of International Day of Cooperatives, the Prime Minister also highlighted the work done by his government, like PM Kisan scheme, MSP operations, and fertilizer subsidy since coming to power in 2014.
Prime Minister Narendra Modi on July 1 said his government was spending ₹6.5 lakh crore annually for the agriculture sector and farmers' welfare, and called upon cooperatives to help in making the country self- reliant in cooking oils.
Speaking at an event on the occasion of International Day of Cooperatives, the Prime Minister also highlighted the work done by his government, like PM Kisan scheme, MSP operations, and fertilizer subsidy since coming to power in 2014.
In the last nine years, PM Modi said more than ₹15 lakh crore have been given to farmers by procuring their produce on the MSP. The government, he said spent ₹10 lakh crore towards fertilizer subsidy last year.
In other words, the government is spending around ₹6.5 lakh crore per year on agriculture and farmers, the Prime Minister said.
"This means that every year the government is providing an average of ₹50,000 to every farmer in some form or the other.
"That is, in the BJP government, farmers are guaranteed to get ₹50,000 every year in different ways. This is Modi's guarantee," he said, and added that he was only stating what his government has done and not just talking about "promises".
In the last four years, the Prime Minister said ₹2.5 lakh crore have been sent directly to bank accounts of farmers under PM KISAN scheme.
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