In an effort to catalyze the creation of post-harvest management infrastructure and community farming assets, Government of India has launched Agriculture Infrastructure Fund and is providing loans with interest subvention of 3% per annum up to a limit of Rs. 2 crore, according to a statement released by Joint Director of Agriculture.
Under the above scheme, loan will be provided by the banks to all the eligible beneficiaries such as farmers, marketing cooperative societies, agri-entrepreneurs and agriculture start ups. The scheme will facilitate setting up and modernisation of key elements of the value chain including warehouses, silos, sorting and grading units, cold chains and ripening chambers.
Farmers and entities listed above will be able to avail the loan of up to Rs. 2 crore from the nationalised banks, commercial banks or any other financial institutions as empanelled by the Government for the scheme. Eligible farmers can contact the nearest bank or Department of Agriculture for more details, according to a release.
This post was published on April 17, 2021 3:34 pm