Finance minister Nirmala Sitharaman ( Photo credit: NDTV.com)

Amidst the Covid-19 pandemic, in order to provide financial assistance to farmers,the Centre on Thursday announced that Rs 30,000 crore additional emergency working capital funding will be provided to farmers through NABARD, at a time when Rabi harvest and Kharif sowing is at its peak.

Finance minister Nirmala Sitharaman said, making the second tranche of announcements for the government’s economic package that “This is over and above Rs 90,000 crore to be approved by NABARD through normal finance methods.”
“This is to meet post-harvest Rabi and current Kharif requirement in May and June,” added Sitharaman.

The Centre expects that this will benefit 3 crore farmers, mostly small and marginal.

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