Union Minister of State for Finance, Arjun Ram Meghwal encouraged farmers to maximise the use of modern agricultural equipment to double their income by 2022.
To help farmers increase their income, the government will also provide modern agricultural equipment as well as provide fertilisers and other facilities, the Minister said while addressing farmers at a fair organised by Marudhara Rural Bank in Chomu in Jaipur district in Rajasthan on Sunday.
On this occasion, Meghwal distributed a loan of Rs 2 crore to the cultivators under the Mrida Scheme. He announced that soon a new technology will be unveiled which will result into increased agriculture production.
He said that loan disbursal process will be simplified for the farmers and the government will provide urea as per convenience of the cultivators. In order to increase the income of farmers, the Centre has allocated a budget of Rs 10 lakh crore to provide agricultural credit to farmers, the Union Minister said.
For the convenience of the farmers, loans will be given under Kisan Samrudhi Yojana, Mrida Scheme, Kishore Mrida Yojna and Tarun Mrida Yojna.