The Agriculture Infrastructure Fund (AIF) is a government program launched on 8th July, 2020 to create an infrastructure for post-harvest management and community farm assets with a budget of Rs 1 lakh crore to be spent by the financial year 2025-26. According to the available data, the program has raised over 30,000 crores for agriculture infrastructure initiatives, with an allocated amount of 15,000 crores through AIF. AIF, with support of 3% interest subvention, credit guarantee support and facility of convergence with other Central and State Govt. Scheme to support farmers, agri-entrepreneurs and other stakeholders in the agriculture sector.
Overview
The Agriculture Infrastructure Fund (AIF), a financing facility launched by the Indian government in 2020 to create post-harvest management infrastructure and community farm assets. The scheme has been successful in mobilizing over 30,000 crore for projects in the agriculture infrastructure sector with a sanctioned amount of 15,000 crore under AIF. The scheme provides financial support to farmers, agri-entrepreneurs and farmer groups through various measures such as interest subvention, credit guarantee support and the ability to converge with other Central and State government schemes. Yogesh CB from Mandya district of Karnataka and Anand Patel from Jabalpur district of MP , are among those 20,000 beneficiaries of AIF, who were successfully able to set up a primary processing center for vegetables and a hi-tech hub for renting out agricultural machinery to local farmers respectively. The scheme is helping to modernize Indian agriculture by reducing post-harvest losses, improving agricultural practices and helping farmers realize better prices for their produce.
The news is describing how the AIF is specifically benefiting farmers, agri-entrepreneurs and farmer groups by providing them with financial support to establish and modernize infrastructure for the agricultural sector in India. This scheme is aimed at helping these groups to create post-harvest management infrastructure and community farm assets, providing support to them with interest subvention, credit guarantee support, and the ability to converge with other Central and State government schemes. Through this scheme, these groups can reduce post-harvest losses, modernize agricultural practices and increase the income of farmers by providing them better prices for their produce.
Important Information
- The Agriculture Infrastructure Fund (AIF) is a central government-funded program aimed at creating and modernizing infrastructure for the agricultural sector in India.
- The scheme provides financial support to farmers, agri-entrepreneurs and farmer groups through interest subvention, credit guarantee support and the ability to converge with other Central and State government schemes.
- The AIF is intended to reduce post-harvest losses and improve agricultural practices, resulting in better prices for farmers’ produce.
- The scheme is helping thousands of individuals and groups to establish projects such as primary processing centers for vegetables and hi-tech hubs for renting out agricultural machinery and providing services.
- The scheme targets specific groups in the agriculture sector and is intended to have a direct impact on their livelihoods and the development of the sector.
Conclusion
The article accentuates the role of Agriculture Infrastructure Fund (AIF), a government-funded initiative aimed at creating and modernizing infrastructure in the agricultural sector of India. The scheme provides financial support to farmers, agri-entrepreneurs and farmer groups through various measures such as interest subvention, credit guarantee support and the ability to converge with other Central and State government schemes. The AIF’s main goal is to improve the overall efficiency and profitability of the agricultural sector, to reduce post-harvest losses, to modernize agricultural practices and increase the income of farmers by providing them better prices for their produce. There are several individuals and groups in the agriculture sector to get positively impacted by this AIF scheme to establish crucial infrastructure projects. Overall, AIF is a vital initiative that aims to promote sustainable and inclusive growth in the agricultural sector.
Note: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. Pesticides are a considerable risk of loss in crops and viewers are advised to do their own research before making any decisions.
