Prime Minister Narendra Modi on Friday announced that the Centre has decided to repeal all three farm laws. In his address to the nation, PM Modi said, "Today I want to tell everyone that we have decided to repeal all three farm laws."

He urged the protesting farmers to "return home to their families and let's start afresh". "Whatever I did, I did for farmers. What I'm doing, is for the country. With your blessings, I never left out anything in my hard work. Today I assure you that I'll now work even harder, so that your dreams, nation's dreams can be realised," said the Prime Minister.

The goal of the three farm laws was to empower farmers, especially small farmers, he said. The agriculture budget has risen by five times with over Rs 1.25 lakh crore being spent annually, Modi said. He also highlighted his government's measures to benefit small farmers. "I have experienced farmers' difficulties, challenges from very close quarters in my five decades of public life," said Modi.

Farmers have been protesting the government's three farm laws since had passed the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020. The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act allows farmers to do contract farming and market their produces freely.

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The Bharatiyan Kisan Union's (BKU) Ugrahan faction on Friday welcomed Prime Minister Narendra Modi's announcement to repeal the three contentious farm laws. "It is a good move by Prime Minister Narendra Modi on the occasion of Gurupurab," Joginder Singh Ugrahan, the leader of BKU's Ugrahan faction, told the media.