The Punjab government on Friday said the Union ministry of agriculture and farmers’ welfare has revised the state’s financing facility from ₹4,713 crore to ₹7,050 crore, recognising its progress in strengthening agricultural infrastructure.
Horticulture minister Mohinder Bhagat, while expressing gratitude for the Centre’s recognition, said the increased allocation is a testament to the state’s commitment to empowering farmers. The enhanced funds would further accelerate the state’s efforts to modernise agricultural infrastructure, including the development of cold storage facilities, warehousing, processing units, and value-addition initiatives, he added in a statement.
He said that Punjab has emerged as a frontrunner in the effective implementation of the AIF (agricultural infrastructure fund) scheme, with numerous projects already transforming the agricultural landscape.