Cabinet approves Central sector investment scheme under ‘Agriculture Infrastructure Fund’ (AIFF)
INN/Chennai, @infodeaofficial
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to a new pan India Central Sector Scheme-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.
Under the scheme, Rs. 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, Startups, Aggregation Infrastructure Providers and Central/State agency or Local Body sponsored Public-Private Partnership Project
The National, State, and District level Monitoring Committees will be set up to ensure real-time monitoring and effective feedback.
