Agriculture Infrastructure Fund

Agriculture Infrastructure Fund aims to provide 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 financial support.
Under the scheme, Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans to Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers etc and others.
All loans under this financing facility 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.
The moratorium for repayment under this financing facility may vary subject to a minimum of 6 months and maximum of 2 years.

Agri Infra fund will be managed and monitored through an online Management Information System (MIS) platform.
The National, State and District level Monitoring Committees will be set up to ensure real-time monitoring and effective feedback.
The duration of the Scheme shall be from FY2020 to FY2029 (10 years).

The Project by way of facilitating formal credit to farm and farm processing-based activities is expected to create numerous job opportunities in rural areas.
It will enable all the qualified entities to apply for loan under the fund.
The online platform will also provide benefits such as transparency of interest rates offered by multiple banks, scheme details including interest subvention and credit guarantee offered, minimum documentation, faster approval process .

The Union Cabinet has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund.

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