What is Agriculture Infrastructure Fund?

  • Rcenetly PM Modi launched a financing facility of Rs 1 lakh crore under the Agriculture Infrastructure Fund.
  • It is a central sector scheme.
  • Financial Support of Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans to
  1. Marketing Cooperative Societies (MCS)
  2. Primary Agricultural Credit Societies (PACS)
  3. Farmer Producers Organizations (FPOs)
  4. Self Help Group (SHG) and Farmers,
  5. Joint Liability Groups (JLG)
  6. Multipurpose Cooperative Societies
  7. Agri-tech players and Central/State agencies or Local Bodies sponsored by Public Private Partnership Projects.
  • Loans will have interest subvention of 3% per annum up to Rs. 2 crore.
  • The fund will be managed and monitored through an online Management Information System (MIS) platform.
  • Duration : Financial Year 2020 to 2029.
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