Agriculture Infrastructure Fund Crosses Rs. 8,000 Crores Mark

The Agricultural Infrastructure Funds are managed by using the Management Information System Platform.
Sheena

Updated: Apr 30, 2021 03:38:22 pm

30 April 2021 Current Affairs:The Ministry of Agriculture & Farmers Welfare these days introduced that the Agriculture Infrastructure Fund crossed the Rs 8,000 crore mark. The Ministry has acquired 8,665 functions so far. The worth of these purposes has amounted to Rs 8 216 crores. Out of this, Rs  4 0 crores have been sanctioned via the Ministry so far.

Highlights:
♦ The states that received the most assistance thru the fund are Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, Karnataka, and Rajasthan.
♦ The largest share of the sanctioned software was contributed by the following sectors: Primary Agricultural Societies: 58%. Agri-Entrepreneurs: 24%. Individual Farmers: 13%.
♦ In 2020, the Indian government established the Agriculture Infrastructure Fund to inject credit into agriculture and its allied activities.
♦ It was once launched as a part of Atma Nirbhar Bharat. The vital goal of the fund is to make the farmers self-reliant.
♦ Around One Lakh Crore of rupees used to be allocated for the fund. It is to be applied between 2020 and 2029.
♦ The fund will be used to furnish loans to the Primary Agricultural Societies, Marketing Cooperative Societies, Farmer Producers Organisation, Joint Liability Groups and Self Help Groups.
♦ The fund is being supplied to place up warehouses, bloodless stores, silos, grading, packaging units, ripening chambers, etc.
♦ The loans provided underneath the finds will get hold of a hobby subvention of 3% per annum up to two crores of rupees. This interest subvention is reachable for seven years.
♦ The Agricultural Infrastructure Funds are managed by using the Management Information System Platform.
 
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