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“Modi’s Assurance: Every Farmer to Receive Annual Benefit of Rs 50k, Moving Beyond Promises”

“PM Modi’s Commitment Transforms into Reality: Farmers Assured Guaranteed Annual Benefit of Rs 50k”

PM Modi, during his address at the 17th Indian Cooperative Congress, highlighted the various benefits provided to farmers by the government. He stated that the agriculture sector receives Rs 6.5 lakh crore annually, with each farmer benefiting around Rs 50,000 per year. Modi emphasized that these were not mere promises but a guarantee, contrasting it with the poll promises made by opposition parties.

The prime minister outlined the benefits, including fertilizer subsidies, foodgrain procurement, and the PM-KISAN scheme. He mentioned that the government has spent over Rs 2.5 lakh crore in the last four years under PM-KISAN, directly transferring the funds to farmers’ bank accounts. This scheme ensures that farmers receive Rs 6,000 annually.

Modi also highlighted the efforts to make fertilizers affordable for farmers, mentioning that a 45 kg bag of urea costs around Rs 270 in India, while it is priced significantly higher in other countries. He noted that the government has allocated over Rs 10 lakh crore toward fertilizer subsidies in the past nine years, ensuring reasonable prices for crop nutrients.

The prime minister reiterated the government’s commitment to providing remunerative prices for farmers’ produce. He mentioned the increase in minimum support prices (MSP) and the procurement of foodgrains at MSP, totaling over Rs 15 lakh crore in the last nine years.

Additionally, Modi discussed the recent package of Rs 3.7 lakh crore for the fertilizer sector and the increase in the fair and remunerative price (FRP) for sugarcane farmers to Rs 315 per quintal.

Modi also emphasized the role of cooperatives in India’s self-reliance and development. He urged cooperatives to focus on transparency, corruption-free governance, and the adoption of digital tools. He called for increased production of oilseeds and pulses to reduce import dependency and make India self-reliant in cooking oils.

The prime minister announced the creation of a separate ministry and budget allocation for the cooperative sector, along with measures to strengthen cooperative societies and banks. He emphasized the importance of technology adoption and highlighted the contribution of cooperatives in achieving food security and reducing import dependence.

Modi expressed confidence that cooperatives would play a significant role in India’s economic growth and called for the development of self-sufficient villages based on the cooperative model.

Overall, PM Modi’s address showcased the government’s efforts to improve the lives of farmers through various schemes, subsidies, and procurement mechanisms, aiming to bring about transformative changes in the agriculture sector.

Also read this article: “Housing Loans Witness a 11-Year Surge, Accounting for 14.2% of Total Advances: RBI Report”

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