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Agri Infra Fund

Santhosh Kumar 17/07/2023

Agri Infra Fund upsc notes
Ministry of Agriculture & Farmers Welfare
New campaign titled BHARAT
Banks Heralding Accelerated Rural & Agriculture Transformation (BHARAT)
Under the Agri Infra Fund (AIF)
Campaign duration
July 15, 2023, to August 15, 2023
Campaign goal
Raise Rs 7200 crore
Source: PIB
About the AIF
Financing facility launched in July 2020
All-around financial support
To farmers, agri-entrepreneurs, FPOs, PACS, Cooperatives, SHGs
Creation of post-harvest management infrastructure
Building of community farming assets
Throughout the country
Features
1 Lakh Crore provision
By banks and financial institutions as loans
With interest subvention of 3% per annum
Credit guarantee support
Through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme
For loans of up to Rs 2 crore
Management Information System (MIS) platform
For fund management and monitoring
Loan application enablement
For all the qualified entities under the Fund
Duration
FY2020 to FY2029 (10 years)
Monitoring committees
At National, State and District level
Real-time monitoring and effective feedback

Learn More

Categories: [GS3] Storage transport and marketing of agricultural produce and issues and related constraints

Tags: 17.07.2023, Newsbits

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