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AGRICULTURAL INFRASTRUCTURE FUND

AGRICULTURAL INFRASTRUCTURE FUND 

  • It is a Central Sector Scheme meant for setting up storage and processing facilities, which will help farmers, get higher prices for their crops.
  • The AIF 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.
  • The key objective of the Agriculture Infrastructure Fund (AIF) is to provide financial support for agriculture entrepreneurs in order to improve agriculture infrastructure in the country.
  • The scheme also entails providing credit guarantee coverage under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) for loans up to Rs. 2 Crore.              AGRICULTURAL INFRASTRUCTURE FUND

OBJECTIVES 

 Farmers

  • The Agriculture Infrastructure Fund approved by the central government will facilitate formal credit to farm and farm processing- based activities which in return is expected to create several job opportunities in the rural areas.                                      AGRICULTURAL INFRASTRUCTURE FUND
  • It will boost marketing infrastructure to allow farmers to sell directly to a large consumer base and thus generate income for farmers.
  • The Improved marketing infrastructure will farmers to sell directly to a larger base of consumers and hence, increase value realization for the farmers.
  • Community farming assets for improved productivity and optimization of inputs will result in substantial savings.

 Agri Entrepreneurs and Startups:

  • AIF will improve avenues for collaboration between entrepreneurs and farmers.
  • Push for innovation in the agriculture sector using new technologies such as AI, IoT, etc.

 Government

  • Direct priority sector lending in the currently unviable projects by supporting through interest subvention, incentive and credit guarantee. This will boost innovation and private sector investment in agriculture.
  • Central / Government Agencies or local authorities will be able to construct viable PPP projects to boost investment in agriculture sector.                            AGRICULTURAL INFRASTRUCTURE FUND

 Consumers

  • A large portion of products reach the market, leading better quality and prices for the Key Buyers.

ALSO READ : https://www.brainyias.com/agricultural-extension/

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