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The Agriculture Infrastructure Fund (AIF) is a significant initiative by the Indian government aimed at revolutionizing the agricultural sector by providing much-needed financial support for infrastructure development. In this article, we will learn about the Agriculture Infrastructure Fund (AIF), its features, and how to apply for the scheme. So, read the article till the end.

AIF fund is launched in July 2020, is designed to facilitate the creation of post-harvest management infrastructure and community farming assets through a robust financial mechanism. This blog delves into the details of the AIF, its objectives, eligibility criteria, benefits, and the various components of this comprehensive scheme.

What is the Agriculture Infrastructure Fund (AIF)?

The Agri Infrastructure Fund, also known as the National Agriculture Infra Financing Facility, is a central sector scheme introduced to support investments in viable agricultural projects. It focuses on enhancing post-harvest management and building community farming assets across India. The full form of AIF is the Agriculture Infrastructure Fund, which reflects its core objective of improving agricultural infrastructure.

Key Features of the AIF Scheme

How to Access the AIF: A Step by Step Guide

AIF Registration and Login:

To avail the benefits of the agriculture infrastructure fund, beneficiaries must first register on the official AIF portal. The registration process is straightforward and can be completed on the AgriInfra Portal. After successful registration, beneficiaries can log in using their credentials to access various services and apply for the fund.

Application Process:

Once logged in, applicants need to download the Detailed Project Report (DPR) template from the portal. Fill in the project details in the provided format and submit the application online. The application will be reviewed by the Ministry of Agriculture & Farmers Welfare, and eligible projects will be transferred to the selected bank for credit appraisal.

Interest Subvention Scheme:

Under the AIF, loans up to ₹2 crore are eligible for a 3% annual interest subvention for a maximum period of seven years. This subvention scheme significantly reduces the financial burden on the beneficiaries.

Credit Guarantee:

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides coverage for loans up to ₹2 crore. The government covers the fee for this coverage, ensuring that lending institutions can offer loans with reduced risk.

Benefits of the Agriculture Infrastructure Fund

Eligibility Criteria

Beneficiaries:

The agriculture infrastructure fund caters to a wide range of beneficiaries, including individual farmers, FPOs, cooperatives, and various state and central agencies. Each beneficiary must meet specific criteria outlined by the scheme to qualify for funding.

Project Types:

Projects eligible for funding include those related to post-harvest management, community farming assets, and advanced agricultural practices.

Documents Required for Application

Conclusion

The Agriculture Infrastructure Fund (AIF) provides vital support for developing post-harvest management infrastructure and community farming assets across India. The scheme aims to enhance agricultural productivity by offering medium to long-term debt financing with interest subvention. It benefits a wide range of stakeholders including farmers, cooperatives, and agribusinesses through a structured approach to investment in agricultural infrastructure. By promoting innovative and sustainable farming practices, the AIF is expected to significantly reduce post-harvest losses and improve overall farm income. The fund’s focus on various agricultural projects ensures comprehensive development of farming infrastructure, catering to modern agricultural needs. The AIF scheme is a step towards strengthening India’s agricultural sector by facilitating easy access to financial support for infrastructure improvements.

FAQs

What is the Agriculture Infrastructure Fund (AIF)?

The Agriculture Infrastructure Fund is a government initiative providing financial support to develop post-harvest management infrastructure and community farming assets in India

What is the limit of the Agri Infrastructure Fund?

The limit of the Agriculture Infrastructure Fund is up to ₹2 crore per project.

What is the amount of AIF subsidy?

The AIF provides a 3% annual interest subsidy on loans up to ₹2 crore for a maximum of seven years.

What are AIF benefits?

The AIF provides financial support for developing agricultural infrastructure, reducing post-harvest losses, and improving market access and productivity for farmers.

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