Prime Minister launched financing facility of Rs. one lakh crore under Agriculture Infrastructure Fund to transform farmers into entrepreneurs in line with the vision of doubling farmers' income.<br />'' <br />''AIR correspondent reports about the utility of this announcement in Karnataka.<br />'' <br />''After the announcement of Rs. one lakh crore package by the Prime Minister, NABARD has identified 163 Primary Agricultural Credit Societies, PACS in Karnataka in the first phase for the creation of agricultural infrastructure with concessional refinance and interest subvention under Agriculture Infrastructure Fund with net interest of one percent.<br />'' <br />''The Vice Chancellor of Central Agricultural University in Imphal S Ayappan who is also the Chairperson of Science and Technology Academy in the Karnataka, spoke to AIR on the significance of Prime Minister's announcement.<br />'' <br />''Karnataka is one of the three states in the country selected by Prime Minister's office for formal launch of Agriculture Infrastructure Fund. On this occasion NABARD regional office handed over the in-principle sanction to 163 PACS.<br />'' <br />''<span style="color: #222222;">These Credit Societies will develop into one point solution to all the needs of the farmers like warehouse, hi-tech equipments, processing centres, information disseminators, buyers market among others. </span><br />