NIL

PM Modi announces relief to farmers in distress

by IBNS 08 Apr 2015, 10:42 am

#Narendra Modi # Pradhan Mantri MUDRA

New Delhi, Apr 7 (IBNS): Prime Minister Narendra Modi on Wednesday made two major announcements aimed at providing relief to farmers in distress.

The Prime Minister expressed concern over the problems faced by farmers due to abnormal weather over the past year. 
 
He said that helping the farmer in this time of distress is our responsibility, and therefore, the Government had sent teams of Central Ministers to affected areas, to assess the extent of damage. 
 
He said the Union and State Governments, the banks and insurance companies would all do their utmost to provide relief to the farmers.
 
Announcing a landmark change in norms for input subsidy, Modi said farmers will now be eligible for input subsidy if 33 percent of their crop has been damaged, as opposed to 50 percent or more, which was the norm till now. 
 
In another major announcement, the Prime Minister said that the input subsidy given to distressed farmers will be enhanced by 50 percent of the existing amounts. 
 
He said this was a major departure from the incremental changes in input subsidy that had been made hitherto. 
 
The announcements were made by the Prime Minister in his address during the launch of the Pradhan Mantri MUDRA Yojana. 

Top Headlines

Related Videos
Video

Taste of America, Indian style

by India Blooms 09 Jul 2015, 02:07 pm

Video

Love is the Drug

by Hannah Cornett 01 Jun 2015, 12:30 pm

Video

Can India benefit from Kentucky coal?

by ibns 30 Jan 2015, 01:42 pm

Video

Bollywood weekly round up

by ians 11 Aug 2014, 12:14 pm

Related Photos
Narendra Modi takes oath for rare third term as Prime Minister

Narendra Modi takes oath for rare third term as Prime Minister

by Trans World Features 10 Jun 2024, 12:06 am

PM Modi launches Ram Mandir amid a gathering of seers and celebrities

PM Modi launches Ram Mandir amid a gathering of seers and celebrities

by Trans World Features 24 Jan 2024, 01:56 pm

Ayodhya gears up for Ram Mandir consecration

Ayodhya gears up for Ram Mandir consecration

by Trans World Features 24 Jan 2024, 01:40 pm