Agriculture Infrastructure Fund(AIF) This is a Central Sect | Agriculture Exams Library

Agriculture Infrastructure Fund(AIF)

This is a Central Sector Scheme

Objective: To provide medium - long term debt financing facility for investment in viable projects relating to post harvest management Infrastructure and community farming assets through incentives and financial support.

Under the Fund, Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans to eligible beneficiaries.

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

Interest Subvention: 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.

Credit Guarantee: 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.

Duration of the Fund: FY2020 to FY2029 (10 years)


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