Prime Minister Narendra Modi said on Saturday that his government spends Rs 6.5 lakh crore per year on agricultural and farmer welfare, and he urged cooperatives to assist the country become self-sufficient in cooking oils. Speaking at a ceremony commemorating International Day of Cooperatives, the prime minister also emphasised the work done by his government since taking office in 2014, such as the PM Kisan scheme, MSP operations, and fertiliser subsidies.
Over the last nine years, more than Rs 15 lakh crore has been handed to farmers by acquiring their produce at the MSP, according to Modi. He said that the government spent Rs 10 lakh crore on fertiliser subsidies last year. In other words, the government spends almost Rs 6.5 lakh crore per year on agriculture and farmers, according to the prime minister. He was giving a speech at the 17th Indian Cooperative Congress.
During the two-day event, stakeholders will explore various trends in the cooperative movement, present best practises that are being implemented, ponder on difficulties that are being faced, and plan future policy actions to help India’s cooperative movement develop.
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