Agriculture Infrastructure Fund Scheme
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Introduction of Agri Infra Fund
The role of infrastructure is crucial for the overall development of Country. Since Indian Economy is based on Agriculture sector, hence the importance of Infrastructural Development in this section has become more prominent. Considering the need of creating more opportunities for increasing Farmer Income and to reduce the Loss of Post – Harvest, the need of Agriculture Infrastructure is going increased day by day.
In view of above, the Govt. of India has announced on 15.05.2020, 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers. Financing facility of Rs. 1,00,000 crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Start-ups, etc.). Primary focus has been given for development of farm gate & aggregation point, affordable and financially viable Post Harvest Management infrastructure project.
If you want to know more in detail about it,
Then book a free consultancy round with our subsidy expert:- https://forms.gle/RQicNC67oPsiVRe79
About National Agriculture Infra Financing Facility
The Department of Agriculture and Farmer Welfare (DA&FW) of Govt of India has formulated the Central Sector Scheme (National Agriculture Infra Financing Facility) or Agri Infra Fund to mobilize a medium – long term debt financing facility for investment in viable projects relating to post-harvest management Infrastructure and community farming assets through incentives and financial support.
To know in brief about it watch this video:- https://youtu.be/IKWcFzqrsTM
One of benefit avail under Agri Infra Fund
All loans under this financing facility will have interest subvention of 3% per annum up to a limit of ₹ 2 crore. This subvention will be available for maximum period of 7 years. In case of loans beyond ₹ 2 crore, then interest subvention will be limited up to ₹ 2 crore.
To know the same benefit avail under another subsidy click here:- https://forms.gle/8qyEhMGBYvSMmvSu9
Another benefit avail under National Agriculture Infra Fund
Apart from Interest Subvention, A 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 loans up to ₹ 2 Cr. The fee for this coverage will be paid by the Government.
The Scheme will be operational from 2020-21 to 2032-33.
So if you are planning to set up any agro-based business. Then, you can get the benefit as mentioned above. So, plan accordingly.
If you want to know about agro-based business then read this blog:– https://kipfinancial.com/agriculture-infrastructure-fund/
Contact us at– 8683898080.
Visit our office:- KIP Financial Consultancy Pvt. Ltd.
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