Shivraj Singh Chouhan launched a web portal developed jointly by the Department of Agriculture and Farmers’ Welfare (DA&FW) and NABARD to automate and speed up the process of settlement of interest subvention claims of banks submitted under the Agriculture Infrastructure Fund (AIF). Minister of State for Agriculture and Farmers’ Welfare Shri Bhagirath Choudhary, Chairman, NABARD, senior officers of DA&FW and banks were also present.
Addressing on the occasion, Union Minister Shri Shivraj Singh Chouhan said that Modi government is committed to increase farmer’s income taking various measures. He said Agriculture Infrastructure Fund was launched by PM Modi with 1 lakh crore funding in a bid to increase storage capacity for crops and reduce losses for farmers. He said the newly launched automation of credit claims will ensure timely settlement of claims within a day, which otherwise took months for manual settlement. He said the move will also ensure transparency and check corrupt methods. Shri Chauhan said the new portal on sharing of farmers experience will enable the farming community to gain from each other’s experiences. He said there are several farmers who are self-experimenting and their successful stories should be brought forward for others to emulate. Union Minister said that the investments worth ₹72,000 crore have been mobilised with ₹43,000 crore already sanctioned for 67,871 projects under Agriculture Infrastructure Fund till today. Additionally, banks can anticipate quicker settlement of interest subvention claims.
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