how to apply for agriculture infrastructure fund

What is AIF scheme?

Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.

What is agri infra?

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.

What are agricultural funds?

FSA makes direct and guaranteed farm ownership and operating loans to family-size farmers and ranchers who cannot obtain commercial credit from a bank, Farm Credit System institution, or other lender. FSA loans can be used to purchase land, livestock, equipment, feed, seed, and supplies.

How can I apply for agriculture Infrastructure Fund online?

Central government is inviting Agriculture Infrastructure Fund Scheme 2022 Registration / Login at agriinfra.dac.gov.in. Farmers can now apply online for loan at the official Agriculture Infrastructure Fund Portal.

How much is agriculture infrastructure fund?

In view of above, the Hon’ble Finance Minister announced on 15.05. 2020 Rs 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers.

How do I get an organic farm subsidy?

10 lakh per village is provided for organic village adoption (maximum 10 villages per annum/state). Also, financial assistance upto 33% of financial outlay, subject to a maximum ceiling of Rs. 63 lakh to individuals/ private agencies as back-ended subsidy through NABARD and 100% assistance to state Govt./ Govt.

What are the types of agriculture finance?

Types of Agricultural LoansNational Bank for Agriculture and Rural Development (NABARD) NABARD is the premier bank for providing financial aid to the farmers. … Kisan Credit Card Scheme. … Loans by Nationalised Banks. … Loans by State Bank of India. … Private Sector Bank Agricultural Loans.

How is the government helping farmers?

Paramparagat Krishi Vikas Yojana has been launched to motivate groups of farmers to take up organic farming. A special scheme has also been launched in North-Eastern Region for promotion of organic farming and export of organic produce.

What will the Agri Infrastructure Fund do for farmers?

With which the agricultural markets will get a new direction and farmers will also be given a loan to build a storage house to keep their grains safe. So that he can save his crop for a long time and get a good price for it. This will also remove the problem of spoilage of grains and the grains can be stored for a long time so that they can be used properly when needed.

How did Modi Ji start the Agri-Market?

Modi Ji started this scheme through video conferencing and also interacted with farmers all over the country and also brought the sixth installment of funds under PM Kisan Yojana, which is about 17 hundred crores, to 8.5 crore farmers. The fund is a major step towards Agri-market rights. The Modi Govt had earlier issued three ordinances related to the legal framework for the liberalization of agricultural markets. All these ordinances relate to amendments to the Essential Commodities Act, which allows farmers to sell their crops outside the APMC Mandis and to encourage agricultural contracts between farmers, processors, exporters, and retailers.

Why do farmers get loans?

With which the agricultural markets will get a new direction and farmers will also be given a loan to build a storage house to keep their grains safe. So that he can save his crop for a long time and get a good price for it. This will also remove the problem of spoilage of grains and the grains can be stored for a long time so that they can be used properly when needed.

Why is change in the legal framework necessary?

A change in the legal framework is a necessary condition for the agricultural markets to operate properly , although doing just this is not enough. Creating a post-harvest physical framework is as important as a change in the legal framework related to it. Agriculture Infrastructure Fund (AIF) will fully assist in filling this gap. The positive impact of all this will depend entirely on how quickly and with integrity, states, FPOs, and individual entrepreneurs implement the reforms initiated by the central government.

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).

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.

What Is the Agriculture Infrastructure Fund in India?

The Agriculture Infrastructure Fund scheme is a financing facility that offers beneficiaries a loan of up to ₹1 lakh crores. It is a long-term debt financing facility that focuses on projects for community farming assets and post-harvest management infrastructure through credit guarantees.

Objectives of the Agriculture Infrastructure Fund in India

Following are the objectives of the Agriculture Infrastructure Fund scheme –

Documents Required for Agriculture Infrastructure Fund in India

Following are documents needed for the application of the said scheme.

Who Can Apply for an Agriculture Infrastructure Fund in India?

Individuals must belong to the mentioned categories to qualify for this Agriculture Infrastructure Fund scheme.

How to Apply for Agriculture Infrastructure Financing in India?

The steps to make beneficiary registration for the Agriculture Infrastructure Fund scheme are as follows.

What Are the Benefits of Agriculture Infrastructure Funds India?

This financing facility offers numerous advantages to its beneficiaries. Some of them are discussed below.

Agriculture Infrastructure Fund Objectives

The primary aim of the scheme is to mobilize medium and long-term finances to invest in agriculture and allied projects.

Agriculture Infrastructure Fund Features

The scheme is part of the ‘Atmanirbhar Bharat’ project to make farmers self-sufficient.

Scheme Monitoring

The monitoring of the AIF will be conducted at 3 levels, namely, national, state and district. For this, committees have been drawn that will ensure the smooth functioning of the scheme so that maximum benefit can be provided to farmers. These committees are:

How to Apply for Loan

The government has released a video that outlines every minute detail of how eligible candidates can apply for loans. The video is available in Hindi and English.

AIF Online Portal

For the convenience of the beneficiaries and interested persons, the government has set up an AIF online portal through which eligible persons can apply for the loans. For this, people are required to register themselves and then use their accounts for further activities.

Eligible Projects under Agriculture Infrastructure Fund

Interested in taking the AIF loan? Take a look at all the AIF eligible projects for which you can avail a loan.

Some Useful links

The government has provided an online directory with useful links for the benefit of the people. You can find the information for several important resources. We encourage you to visit the page and take a look at the same.

What is LFIF in Canada?

The Local Food Infrastructure Fund (LFIF) is a 5 year, $60 million initiative ending March 31, 2024. It was created as part of the Government of Canada’s Food Policy for a healthier and more sustainable food system in Canada. The LFIF is aimed at community-based, not-for-profit organizations with a mission to reduce food insecurity by establishing and strengthening their local food system.

When is the second intake of LFIF?

The second intake of LFIF took place from June 9, 2020 to February 12, 2021 (LFIF-2), and along with simpler infrastructure requests noted above, included more complex, multi-year projects that strengthen local food systems.