Cabinet nod to setting up Agri-Market Infrastructure Fund

Note4students

Mains Paper 3: Agriculture| Transport and marketing of agricultural produce and issues and related constraints

From UPSC perspective, the following things are important:

Prelims level: AMIF

Mains level: Expected outcomes from the AMIF


News

  • The Cabinet Committee of Economic Affairs Chaired gave its approval for the creation of Agri-Market Infrastructure Fund (AMIF).

Agri-Market Infrastructure Fund (AMIF)

  1. AMIF  is a corpus of Rs. 2000 crore to be created with NABARD for development and up-gradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets.
  2. It will provide the State/UT Governments subsidized loan for their proposal for developing marketing infrastructure in 585 Agriculture Produce Market Committees (APMCs) and 10,000 Grameen Agricultural Markets (GrAMs).
  3. States may also access AMIF for innovative integrated market infrastructure projects including Hub and Spoke mode and in PPP mode.
  4. In these GrAMs, physical and basic infrastructure will be strengthened using MGNREGA and other Government Schemes.
  5. The Scheme being demand driven, its progress is subject to the demands from the States and proposals received from them.
Agricultural Marketing Reforms – eNAM, Model APMC Act, Eco Survey Reco, etc.
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