- June 27, 2023
- admin
- 0 Comments
- Agro- Based Business
Features of Agriculture Infrastructure Fund
Subscribe Free Business & Subsidy Update Plan And Get weekly Subsidy Updates
Due to AIF’s attractive features, it’s become a Lucrative Financing Facility in all over state of India.
Till now, Total 31814 Projects has taken the benefits of this scheme. Total Loan Amount sanctioned through AIF of Applicants as on date is Rs. 20,025.00 Cr.
Let’s know the some basic features of this Scheme.
- Agriculture Infrastructure Fund is converged with all schemes of central or state government. It means that if you are pursuing agro base project through AIF then you can take the subsidy benefits of state and central governments as applicable to your project apart from the interest subvention benefits of AIF. In other words, AIF is a Top Up benefit apart from Capital Subsidy
- AIF provides a single online window facility in collaboration with participating, Banks. This means to say, you just need to take the root of AIF for taking a bank loan. No other step you need to follow. Once the PMU (Project Management Unit) of AIF will approve the Project then your Selective Bank will follow you for funding your
- Size of the financing facility under AIF is – ₹ 1 lakh crore
- AIF will provide the Credit Guarantee for loans up to ₹ 2 crore
- AIF also provides the Interest subvention of 3% p.a., limited to ₹ 2 crores per project in one location. Although the loan amount can be higher.
- AIF will frame the Cap on lending rate, so that benefit of interest subsidy reaches the beneficiary and services to farmers remain affordable.
- Multiple lending institutions including Commercial Banks, Cooperative Banks, RRBs, Small Finance Banks, NCDC, NBFCs, etc. have executed MoU with AIF. It will make an easy selection of Banks for Project Funding
- One eligible entity puts up projects in different locations then all such projects will be eligible under the scheme for loans up to ₹ 2 crore. This means to say if you have three (3) Projects in different locations then you can take the benefits of Interest Subvention on a loan amount up to 6.00 Cr.
- For a private sector entity, such as a farmer, Agri entrepreneur, or start-up there will be a limit of a maximum of 25 such project.
- Limitation of 25 projects will not apply to state agencies, national and state federations of cooperatives, federations of FPOs, and federation of SHGs.
- Location means the physical boundary of a village or town having a distinct LGD (Local Government Directory) code
- Each of such projects should be in a location having a separate LGD (Local Government Directory) code
- APMCs will be eligible for multiple projects (of different infrastructure types) within their designated market area.
- Interest subvention will be available for a maximum period of 7 years. 15.Moratorium for repayment under this financing facility may vary subject to minimum of 6 months and a maximum of 2 years.
- Disbursement will complete in six years from 2020-21.
If you want to know the benefits of other subsidy Agro based business then read this blog :– https://kipfinancial.com/subsidy-on-rice-shelter-plant/
क्या आप अपने Agro -Based बिज़नेस सब्सिडी लाभ जानने चाहते है
यदि हां
तो इस फॉर्म पर क्लिक करे और अपना फ्री अपॉइंटमेंट फिक्स करें :– https://forms.gle/RQicNC67oPsiVRe79
Contact us at– 8683898080.
Visit our office:- KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
Leave a Comment