The Prime Minister has announced the doubling of the Agriculture Infrastructure Fund (AIF) loan target from ₹1 lakh crore to ₹2 lakh crore. It is aimed at strengthening India’s entire agriculture value chain.
About Agriculture Infrastructure Fund (AIF)
- Objective: It is a medium-long term debt financing facility for investment in viable projects for post- harvest management infrastructure and community farming assets through interest subvention and credit guarantee support.
- Type: Central Sector Scheme
- Implementation Period: From 2020-21 to 2029-30.
- Key Feature: Loans with interest subvention of 3% per annum and credit guarantee coverage under Credit Guarantee Fund Trust for Micro and Small Enterprises for loans up to ₹ 2 Crores.
- Eligible Beneficiaries
- Primary Beneficiaries such as Farmers, Primary Agricultural Credit Societies (PACS), Farmers Producer Organizations (FPOs), Self Help Groups (SHGs),etc
- Government/Agencies such as Agricultural Produce Market Committees.
- Eligible Projects
- Post-Harvest Management Projects: Such as warehouses, Cold Chains, Cold storage, Ripening Chambers.
- Community Farming Assets: Such as Infrastructure for smart and precision agriculture (e.g., Drones, Sensors, AI).
Other Initiatives for Agriculture Infrastructure Development in India:
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