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Dr K G Padma Kumar had worked closely with Dr Swaminathan in framing the Kuttanad package.
Modi acknowledged the monumental contributions made by Swaminathan to the country in agriculture and farmers' welfare.
"With utmost humility and gratitude, I accept the Bharat Ratna that has been conferred on me today," he said.
Thakur, who died in 1988, was a socialist leader, popularly known as 'jannayak'.
Her contribution to the Indian music industry in a career spanning seven decades has gained Mangeshkar honorific titles such as the Nightingale of India and Queen of Melody.
He was reacting to various users on Twitter lauding him for his contributions, especially in inspiring the youth with #BharatRatnaForRatanTata trending.
The actor said that the true fans of SP Balasubrahmanyam echo a similar sentiment not only in Tamil Nadu but throughout the nation.
Shiv Sena chief Uddhav Thackeray had said Pakistan would not have come into existence had Savarkar been the country's prime minister at the time, and demanded that he be awarded the Bharat Ratna.
The Bharat Ratna has been conferred after a gap of four years. Former prime minister Atal Bihari Vajpayee and founder of Banaras Hindu University Madan Mohan Malviya were given the award by the Narendra Modi government in 2015.
Modi, who will take oath as the prime minister for the second time on Thursday, described the former president as a "statesman".