<span style="color: #222222;">In its direction of agriculture reforms, the Central Government has launched one lakh crore rupees&nbsp; Agriculture Infrastructure Fund (AIF).The Agriculture Infrastructure Fund 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 duration of the scheme is&nbsp; from Financial Year 2020 to 2029. Under it, farmers can avail benefits from better production and marketing facilities created by this fund.<br />''<br />''Under the initiative,&nbsp; a credit guarantee for loans up to two crore rupees is provided by the government.&nbsp; The government also&nbsp; provides&nbsp; three per cent rebate in interest on loans upto two crore rupees for a maximum period of 7 years. Moratorium for loan repayment under this financing facility will be&nbsp; from&nbsp; 6 to 24 months. Under the Fund, agri-entrepreneurs, start-ups, and farmer groups will have access to credit for construction of warehouses, sorting grading unit&nbsp; and packhouses, creation of supply chain&nbsp; and cold chain facilities. Besides, the fund will also help setting up of&nbsp; Primary Agriculture processing centres&nbsp; and strenghtening vision from seed to market.</span><br />
News On AIR | November 30, 2020 7:49 PM
Agriculture Infrastructure Fund:An important Link in Agricultural Reforms