NEW AGRICULTURAL POLICY

New initiatives to support farmers

Agricultural Infrastructure Fund (AIF) Scheme.pdf

Agriculture Infrastructure Fund (AIF) Scheme:

✅It is a Central Sector Schemewhich was launched in 2020.
✅Objective: The scheme shall provide a medium- to long-term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support.
✅The duration of the Scheme shall be from FY2020 to FY2032 (10 years).

Who is eligible?

✅Primary Agricultural Credit Societies (PACS)
✅Marketing Cooperative Societies
✅Farmer Producers Organizations (FPOs)
Farmers
✅Self Help Group (SHG)
✅Joint Liability Groups (JLG)
✅Multipurpose Cooperative Societies
✅Agri-entrepreneurs and Startups
✅Central/State agency or Local Body sponsored Public-Private Partnership Projects.

✅Exclusions: Public Sector Undertakings (PSUs) are not directly eligible under the scheme, but projects sponsored by them under PPP are eligible.
✅All scheduled commercial banks, scheduled cooperative banks, Regional Rural Banks (RRBs), Small Finance Banks, Non-Banking Financial Companies (NBFCs), and National Cooperative Development Corporation (NCDC) may participate to provide this financing facility.
✅If required, need-based refinance support will be made available by NABARD to all eligible lending entities, including cooperative banks and RRBs, as per its policy.

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NEW AGRICULTURAL POLICY

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