10) Agriculture Infrastructure Fund Flashcards
1
Q
What is this Agriculture Infrastructure Fund ?
A
It is a fund established to provide medium-term long term debt financing for investment in viable projects
2
Q
Reason to establish this fund ?
A
For post harvest management infrastructure and community farming assets through interest subvention and financial support
3
Q
What type of this fund is it ?
A
Central Sector
4
Q
What is the corpus ?
A
1 lakh crore
5
Q
Duration ?
A
10yrs (2020-29)
6
Q
Coverage ?
A
Primary Agricultural Credit Societies (PACS)
Marketing Cooperative Societies
Farmer Producers Organizations (FPOs)
Self Help Groups (SHGs)
7
Q
Details of interest subvention ?
A
3% per annum upto a limit of 2cr. This subvention will be available for a max period of 7yrs
