AGRICULTURE INFRASTRUCTURE FUND – AIF Scheme

This central government scheme has been introduced under the ministry of Agriculture and farmers welfare with an intention of extending the supportive hand to the agriculture sector by harnessing the medium long term debt financing facility for allocating in the agricultural infrastructure development in the country.

The key elements of the value chain include Post Harvest management projects (e-marketing platforms, warehouses & silos, cold storages, packaging units etc.,) and Projects on Community farming assets (vermicomposting, drones purchasing, tissue culture, Honey processing units, sericulture processing units etc.,)

FINANCIAL ASSISTANCE

LENDING INSTITUTIONS

All scheduled commercial banks, scheduled cooperative banks, regional rural banks, small finance banks, Nonbanking financial companies (NBFCs), national cooperative development corporation (NCDC) need to sign memorandum of understanding with NABARD to disburse the funds to the Aadhaar linked bank accounts of beneficiaries on priority basis and also allocating based on the state wise tentative list.

An online MIS platform enabled by the lending institutions gives detailed information and also maintains the track of beneficiaries project reports enrolled under this scheme.

BENEFICIARIES

A limit of 25 projects per annum at different locations is applicable to all private beneficiaries which is exempted for public beneficiaries.