From UPSC perspective, the following things are important :
Prelims level: Agriculture Infrastructure Fund (AIF) Scheme
Why in the News?
Punjab has fully utilized ₹4,713 crore allocated under the Agriculture Infrastructure Fund (AIF), making it the top-ranked state in India for implementing this scheme.
As a result, Punjab has been granted an additional ₹2,337 crore to further expand its agricultural infrastructure projects.
What is the Agriculture Infrastructure Fund (AIF) Scheme?
- The AIF is a ₹1 lakh crore financing facility launched by the Government of India in July 2020 to support post-harvest agricultural infrastructure and community farming assets.
- AIF provides medium- to long-term debt financing at subsidized interest rates, along with credit guarantee support, to eligible beneficiaries.
Key Features of the AIF Scheme:
- Total Corpus & Disbursement: ₹1 lakh crore, disbursed over 10 years (2020-21 to 2029-30).
- Interest Subvention & Loan Benefits:
- 3% interest subvention on loans up to ₹2 crore.
- Credit guarantee support through CGTMSE and NABSanrakshan.
- Maximum interest rate capped at 9% for a 7-year tenure.
- Eligible Projects:
- Post-harvest infrastructure: Warehouses, cold storage, silos, drying yards, sorting, and packaging units.
- Processing & Value Addition: Food processing plants, oil mills, flour mills, kinnow and cashew processing.
- Technology-driven solutions: Drone projects, hi-tech farm equipment rental centers.
- Renewable energy: Solar-powered irrigation and cold storage units.
- Integration with Other Government Schemes: Can be combined with State & Central subsidies for maximum benefit.
- Implementation & Monitoring:
- Managed via online MIS platform for real-time tracking.
- National, State & District-level monitoring committees ensure effective execution.
Eligible Beneficiaries Under AIF:
- Individual Farmers: Seeking on-farm storage or processing units.
- Farmer Producer Organizations (FPOs): For community-based infrastructure.
- Self-Help Groups (SHGs) & Joint Liability Groups (JLGs): Engaged in agricultural activities.
- Cooperative Societies & Primary Agricultural Credit Societies (PACS): For collective farming and value addition.
- Startups & Agri-Tech Companies: Developing post-harvest management solutions.
- State Agencies & PPP Projects: Government-backed rural infrastructure projects.
- Entrepreneurs & Agripreneurs: Working in food processing and value addition.
PYQ:[2017] Which of the following is/are the advantage/advantages of implementing the ‘National Agriculture Market’ scheme? 1. It is a pan-India electronic trading portal for agricultural commodities. 2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce. Select the correct answer using the codes given below: (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 |
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