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Agricultural Infrastructure Fund
Context
The Union Cabinet approved an expansion of the Agricultural Infrastructure Fund (AIF).
About Agriculture Infra Fund (AIF)
- Agriculture Infra Fund (AIF) is a financing facility launched in 2020.
- Objective: Creation of post-harvest management infrastructure and community farm assets.
- 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.
- Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33.
- Eligible beneficiaries: Farmers, Agri-entrepreneurs, Start-ups, Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations(FPOs), Self Help Group (SHG), Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Central/State agency or Local Body sponsored Public Private Partnership Projects, State Agencies, Agricultural Produce Market Committees (Mandis), National & State Federations of Cooperatives, Federations of FPOs (Farmer Produce Organizations) and Federations of Self Help Groups (SHGs).
Key Changes and Objectives:
- Redesigned Scheme: The AIF will now include financial support for FPOs.
- Enhanced Attractiveness: The expansion aims to make the scheme more appealing and impactful.
- Infrastructure Development: The initiative focuses on strengthening agricultural infrastructure facilities across the country.
- Broader Scope: Expanding the range of eligible projects and integrating additional supportive measures.
- Previous Achievements:
- Sanctioned Projects: ?47,575 crore sanctioned for 74,508 projects.
- Mobilised Investment: ?78,596 crore in the agriculture sector, with ?78,433 crore from private entities.
- Employment Generated: Over 8.19 lakh rural jobs created in the agriculture sector.
Fact Box: Farmers’ Producers Organisations (FPOs)
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