Agriculture Infrastructure Fund Scheme 2024

Agriculture Infrastructure Fund Scheme – To provide various kinds of benefits to the agricultural sector, the Government of India launches various kinds of schemes. Through these schemes, financial and infrastructure facilities are provided to the farmers. Recently the Government of India has launched an Agriculture Infrastructure Fund Scheme. Through this scheme, the infrastructure of the agriculture sector will be improved. This article will cover all the important information regarding the scheme. You will get to know complete details regarding the infrastructure fund scheme of agriculture by going through this article.

Table of Contents

As you all may be aware that agriculture and allied activities are the primary income source of 58% of the total population of India. Nearly 85% of farmers are small-holding farmers who have less than 2 hectares of land under cultivation. The income of these farmers is very low. So in order to cope with this situation the government has launched an Agriculture Infrastructure Fund Scheme. Under this scheme, a long-term debt finance facility will be provided for investment in viable projects for post-harvest management infrastructure and community farming assets. This funding will be provided to farmers, Agri entrepreneurs, startups, etc. There will be three components under this scheme which will be interesting subvention cost, credit guarantee cost, and administration cost of PMU

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Objective Of Agriculture Infrastructure Fund Scheme

The main objective of the Agriculture Infrastructure Fund Scheme is to provide a long-term debt facility for investment in viable projects for post-harvest management infrastructure and community farming assets. This assistance will be provided through incentives and financial support so that the agricultural sector of the country can be improved. Benefits of this scheme will be provided to farmers, Agri entrepreneurs, startups, etc. With the implementation of this scheme, the standard of living of farmers will be improved. Other than that farmers will also become self-dependent. Improvement of infrastructure facilities will also increase the income of the farmers. This scheme will also help in improving the overall economy of the country as the majority of citizens of India belong to the agriculture sector

Details Of Agriculture Infrastructure Fund Scheme

Name Of The Scheme	Agriculture Infrastructure Fund Scheme
Launched By	Government Of India
Beneficiary	Citizens Of India
Objective	To Provide Funding For Agriculture And Allied Activities
Official Website	https://agriinfra.dac.gov.in/
Year	2024

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Main Features Of Agriculture Infrastructure Fund Scheme

This scheme will be in convergence with all the schemes of Central and state government
The project management unit will provide handholding support for the project including project preparation
The size of the financial facility under the scheme will be 1 lakh crore
The credit guarantee for loans will be provided for up to Rs 2 crore
The government is going to provide interest subvention of 3% per annum limited to 2 crores per project
There will be a cap on the lending rate so that beneficiary of interest subsidy reaches the beneficiary
If one eligible entity puts up a project in a different location then all the projects will be eligible under the scheme up to a loan of 2 crore
Each such project should be in a location having a separate local government directory code
The interest subvention will be available for a maximum period of 7 years
The moratorium for payment under the financing facility may vary subject to a minimum of 6 months and a maximum of 2 years

Implementation Period Of The Scheme

Implemented period of this scheme is from 2024-25 to 2032-33
Loan disbursement under this scheme will be completed in 6 years
The projects amounting to about ₹4000 crores have been sanctioned in the financial year 2020
The government is going to disburse the balance amount of ₹96000 crores in the coming years
₹16000 crores will be disbursed in 2024-25 and ₹20000 crore will be disbursed in the next 4 years till 2024-25 to 2025-26
The repayment of the financing facility will be for a maximum period of 7 years which include a moratorium period of 2 years

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Components Of Agriculture Infrastructure Fund Scheme

Interest subvention cost- Under this component of the scheme 3% interest subvention per annum will be provided up to a limit of 2 crores. The government is going to provide the subvention for a maximum period of 7 years. The national monitoring committee will fix the extent percentage of funding to the private entrepreneurs
Credit guarantee cost- Under the credit guarantee fund trust for micro and small enterprise credit guarantee coverage will be provided to the eligible borrower up to a maximum limit of Rs 2 crore. The fees for this coverage will be paid by the government
The administration cost of PMU– PMU support to the scheme at the Central and state level will be provided by the farmer welfare programs implementation society under DSCFW. In order to support the beneficiaries gaps in the supply chain will be filled to target projects and prepare viable project reports

Eligible Projects Under Agriculture Infrastructure Fund Scheme

Post Harvest Management Project

Supply chain services which include e-marketing platform
Warehouses
Silos
Pack houses
Assaying units
Sorting and grading units
Cold chains
Logistic facilities
Primary processing centres
Ripening chambers

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Viable Projects for Building Community Farming Assets Including

Organic inputs production
Biostimulant production units
Infrastructure for smart and precision agriculture
The project identified for providing supply chain infrastructure for a cluster of crops including export clusters
Projects that are promoted by central/state/local governments and their Agencies under PPP in community farming assets and post-harvest management projects

Size of Financing Facility and Eligible Beneficiary

The banks are going to provide a sum of Rs 1 lakh crore as loan to primary agriculture credit society, marketing cooperative society, farmer producer organization, self-help group, farmers joint liability group, multipurpose cooperative society, Agri entrepreneurs, startup and Central or state agency or local body sponsored public-private partnership project, state Agencies, agriculture produce market committees, National and state federation of cooperative etc
APMC’S operating regular market for agriculture and allied sector produced including fisheries are also eligible
PACS who have adopted digitisation of handling their operation will be given preference under this scheme

Number Of Projects Per Entity Eligible Under The Scheme

The government is going to provide interest subvention for loans up to 2 crores in one location
If one eligible entity puts a project in a different location then all those projects will be eligible under the scheme for a loan of Rs 2 crore
For private sector entities, there will be a limit of a maximum of 25 such project
This limitation of 25 projects will not be applicable to state Agencies, natural and state federations of the cooperative, federation of FPO, and federation of SHGS
The APMC will be eligible for multiple projects within their designated market area
For such cases, interest subvention for a loan up to Rs 2 crore will be provided for each project of different infrastructure types within the designated market area

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Participating Institution Under Agriculture Infrastructure Fund Scheme

Schedule commercial banks
Schedule cooperative Bank
Regional rural bank
Small Finance Bank
Nonbanking financial companies
National Cooperative Development corporation

Monitoring Framework Of Agriculture Infrastructure Fund Scheme

The national, state, and district level monitoring committee will ensure the real-time monitoring and effective feedback about the implementation of the scheme’s
The government is going to set up a National, state, and district-level committee
The assets that will be created under the financing facility will be geotagged
The district monitoring committee and the respective lending entity will ensure that the geotagged assets will be available on the online portal
The department of expenditure will revisit the scheme after the disbursement of Rs 20000 crore is completed for evaluation and mid-course correction if required

Who Can Apply Under Agriculture Infrastructure Fund Scheme ?

Agricultural Produce Market Committee
Agri-Entrepreneur
Central sponsored Public-Private Partnership Project
Farmer
Farmer Producers Organization
Federation of Farmer Produce Organisations
Joint Liability Groups
Local Body sponsored Public-Private Partnership Project
Marketing Cooperative Society
Multipurpose Cooperative Society
National Federations of Cooperatives
Primary Agricultural Credit Society
Self Help Group
Federations of Self Help Groups
Start-Up
State Agencies
State Federations of Cooperatives
State-sponsored Public-Private Partnership Project

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Required Documents

Bank’s loan application form / Customer Request Letter for AIF Loan duly filled and signed
Passport size photographs of the promoter/partners/director
Identity proof – Voter ID card/PAN card/Aadhaar card/Driving license
Address Proof :
- Residence: Voter ID card/Passport/Aadhaar card/Driving license/Electricity Bill/Latest Property Tax Bill
- Business Office/Registered Office: Electricity Bill/Latest Property Tax Receipt/Certificate of Incorporation in case of Companies/Certificate of Registration in ca of partnership Firms
Proof of Registration:
- In case of Company: Article of Association
- In case of Partnership: Certificate of Registration of Firm with Registrar of Firm
- case of MSMEs: Certificate of Registration with District Industries Centre (DIC)/Udyog Aadhar Copy
Income Tax Return for the last three years, If available.
Audited Balance Sheet for last 3 Years, If available.
GST Certificate, if applicable.
Land ownership records – title deed/lease deed. If applicable, then Permission to mortgage the Immovable Property from the Lessor in case the Property is Leasehold (for primary security)
ROC Search Report of the Company
KYC documents of the promoter/firm/company
Copy of Bank Statement for last one year (If available)
Repayment track record of existing loans (Loan Statement)
Net Worth Statements of promoter
Detailed Project Report
As applicable – Local authority permissions, Layout plans/estimates, Building sanction

Procedure To Register Under Agriculture Infrastructure Fund Scheme

First of all, go to the official website of departmental agriculture and farmer welfare
The home page will appear before you

On the homepage, you are required to click on the beneficiary
Now you have to click on the registration

A new page will appear before you
On this page, you have to enter your name, mobile number, and Aadhar number
After that, you have to click on send OTP
Now you will receive an OTP
After that, you have to enter the OTP into the OTP box and click on verify
After that, you will be redirected to a new page
On this page, you have to enter all the required details
After that you have to click on submit
Now you will receive a beneficiary id on your mobile number
You have to log in to the portal by using the beneficiary id
After that, you have to fill out the application form by entering all the required details
Now you have to upload all the required documents
After that you have to click on submit
By following this procedure you can register under the scheme

Agriculture Infrastructure Fund Scheme Login On The Portal

Go to the official website of departmental agriculture and farmer welfare
The home page will appear before you
Now you are required to click on the login

The Login form will appear before you
In this form, you have to enter the login credentials and click on the login
By following this procedure you can log in on the portal

Get Details Regarding Eligible Projects

First of all, go to the official website of departmental agriculture and farmer welfare
The home page will appear before you
Now on the home page, you are required to click on eligible projects