Agriculture Infrastructure Fund

Prime Minister of India has recently launched the financing facility of 1 lakh crore rupees under the Agriculture Infrastructure Fund.
The scheme shall provide 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 financial support.
This is New Pan- India Central Sector Scheme.
Under the scheme, One Lakh Crore will be provided by banks and financial institutions as loans to:
- Primary Agricultural Credit Societies (PACS)
- Marketing Cooperative Societies
- Farmer Producers Organizations (FPOs)
- Self Help Group (SHG)
- Farmers, Joint Liability Groups (JLG)
- Multipurpose Cooperative Societies
- Agri-entrepreneurs, Start-ups
- Aggregation Infrastructure Providers
- Central/State agency or Local Body sponsored Public-Private Partnership Project.
This financing facility will have interest subvention of 3% per annum up to a limit of Rs. 2 crores.
This subvention will be available for a maximum period of seven years.
The Fund will be managed and monitored through an online Management Information System (MIS) platform.
The National, State and District level Monitoring Committees will be set up to ensure real-time monitoring and effective feedback.
The duration of the Scheme shall be from FY2020 to FY2029 (10 years).
The online platform will also provide benefits such as transparency of interest rates offered by multiple banks.