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"Agriculture Infrastructure Fund" Scheme

Jul 13, 2021 15:50 IST

It is a central sector scheme to provide medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets.

The funds will be provided for setting up of cold stores and chains, warehousing, grading and packaging units, e-marketing points linked to e-trading platforms, besides PPP projects for crop aggregation sponsored by central/state/local bodies.

Duration: Financial Year 2020 to 2032-33.

Eligible Beneficiaries are Farmers, FPOs, PACS, Marketing Cooperative Societies, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Start-ups, and Central/State agency or Local Body sponsored Public-Private Partnership (PPP) Projects.

Financial Support of Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans to eligible beneficiaries.

Loans will have interest subvention of 3% per annum up to a limit of Rs. 2 crore. This subvention will be available for a maximum period of seven years.

A credit guarantee coverage will be available for eligible borrowers from the scheme under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for a loan up to Rs. 2 crore.

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