Ethanol production is helping to increase income of sugarcane farmers: PM Modi

New Delhi [India], February 28 (ANI): Prime Minister Narendra Modi visited Karnataka and inaugurated and laid the foundation stone of multiple development projects at Shivamogga and Belagavi. He also hit out at the Nehru-Gandhi family and alleged that some senior Congress leaders from Karnataka were disrespected.

He unveiled development projects worth more than Rs 2,700 crore in Belagavi and over Rs 3,600 crore at Shivamogga. He also inaugurated Shivamogga Airport.
In Belagavi, he released the 13th installment amounting to about Rs. 16,000 crores under PM-KISAN.

Through Belagavi, the Prime Minister said that every farmer in the nation has received a special gift where another tranche of funds from PM-KISAN was released.

“Just by the click of a button, Rs 16,000 crore have been transferred to the bank accounts of crores of farmers in the country”, the Prime Minister remarked.

He said that such a huge amount transferred without the involvement of a middleman has also drawn the attention of people from across the world. Drawing comparisons to the Congress regime, the Prime Minister recalled that the then Prime Minister said that only 15 paise reaches the poor when 1 rupee is transferred.

“But this is Modi ki Sarkar. Every penny belongs to you and it is for you.” The Prime Minister also wished a very prosperous Holi to all the farmers said that they have received a special gift before Holi.

The Prime Minister reiterated that the agricultural budget of the country which was Rs 25,000 crore before 2014 has now been increased to Rs 1,25,000 crore, which is a five-time increase.

The Prime Minister emphasized the use of technology, which is directly benefiting the farmers and gave the example of Jan Dhan bank accounts, mobile connections and aadhar. He underlined that the government is connecting farmers to Kisan Credit Cards with the objective that the farmers can avail of the support of banks at any required step.

The Prime Minister spoke at length about the needs of sugarcane farmers as Karnataka is a major sugarcane state. He mentioned this year’s Budget provision providing rebate on tax on cooperative sugarcane payment of the amount payable before 2016-17 which will give relief to the sugar cooperative to the tune of 10 thousand crores. Speaking about the government’s push for ethanol blending, the Prime Minister informed that the production of ethanol is helping in increasing the income of sugarcane farmers. He informed that ethanol blending in petrol has increased from 1.5 percent to 10 percent in the last 9 years and the government is already targeting 20 percent ethanol blending in petrol.

The Prime Minister remarked that agriculture, industry, tourism and education are strengthened only with better connectivity.

 

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