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Agriculture Infrastructure Fund, ABHISHEK DHIMAN SCHEME BOOKLET - Coggle…
Agriculture Infrastructure Fund
The Union Cabinet in
July 2020
has approved a new pan India
Central Sector Scheme
called
Agriculture Infrastructure Fund
(
National Agriculture Infra Financing Facility
).
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.
The duration of the Scheme shall be from
FY2020 to FY2032 (10 years).
Intended beneficiaries
Agricultural Produce Market Committee
Agri-Entrepreneur
Central sponsored Public-Private Partnership Project
Farmer
Farmer Producers Organization
Federation of Farmer Produce Organisations
Joint Liability Groups
Local Body sponsored Public-Private Partnership Project
Marketing Cooperative Society
Multipurpose Cooperative Society
National Federations of Cooperatives
Primary Agricultural Credit Society
Self Help Group
Federations of Self Help Groups
Start-Up
State Agencies
State Federations of Cooperatives
State sponsored Public-Private Partnership Project
Benefits
All loans
under this financing facility will
have interest subvention of 3% per annum
up to a
limit of Rs. 2 crore.
This subvention will be
available for a maximum period of seven years
. + In case of loans beyond Rs.2 crore, then
interest subvention
will be limited up to 2 crore
Further,
credit guarantee coverage
will be available for
eligible borrowers from this financing facility
under
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
scheme for
a loan up to Rs. 2 crore.
The fee for this coverage will be paid by the Government.
In case of FPOs the
credit guarantee may be availed from the facility
created under
FPO promotion scheme of Department of Agriculture, Cooperation & Farmers Welfare (DACFW).
Moratorium
for
repayment under this financing facility may vary subject to minimum of 6 months
and
maximum of 2 years
.
LAUNCH :
15.05.2020
+
Rs 1 lakh
crore
Agri Infrastructure Fund for
farm-gate infrastructure for farmers
Provided for funding
Agriculture Infrastructure Projects
at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Start-ups, etc.)
Disbursement in four years starting with
sanction of Rs. 10,000 crore in the first year
and
Rs. 30,000 crore each in next three financial years.
Farmers Welfare Programme Implementation Society
under DACFW will provide PMU support to the scheme at the central level and state PMUs of PM KISAN at state level
Eligible Projects
Viable projects for building
community farming assets
Post Harvest Management
Projects
The scheme will be re-visited by
Department of Expenditure after disbursement of Rs. 20,000
crores is completed,
24% of total grants – in – aid
under the scheme should be utilized for
SC/ST entrepreneurs
(16% for SC and 8% for ST).
ABHISHEK DHIMAN
SCHEME BOOKLET