More than Rs.30,000 crore mobilised under Agriculture Infrastructure Fund for agri infra projects
In the two-and-a-half years of Agriculture Infrastructure Fund (AIF) implementation the agriculture sector has witnessed more than Rs.30,000 crore. The amount was provided for agriculture infrastructure sector together with a sanctioned Rs.15,000 crore amount under AIF.
Launched in 2020, Agriculture Infra Fund (AIF) is a financing facility intended for the creation of the infrastructure for the post-harvest management. Under this scheme, Rs 1 lakh crore will be disbursed upto 2025-26 while interest subvention as well as credit guarantee assistance will be provided till the year 2032-33.
AIF is aimed at changing the landscape of Indian Agriculture sector through new infrastructure creation and modernization of the existing. The fund is also helping in reducing post-harvest losses, modernizing agriculture package and practices and moreover helping farmers in better price realization of their produce.
Meanwhile, MoA&FW has been holding several conclaves and workshops to spread awareness about AIF.
