Indian Govt announced financing facility of Rs. 1 Lakh Crore under Agriculture Infrastructure Fund. This scheme will mainly support farmers, PACS, FPOs, Agri-entrepreneurs, etc. in building community farming assets and post-harvest agriculture infrastructure.

The Fund is a medium – long term debt financing facility for investment in viable agriculture and agriculture related projects for post harvest management infrastructure and community farming assets through interest subvention and credit guarantee.

The scheme duration is for 10 years starting from FY2020 to FY2029. Under the scheme, Rs. 1 Lakh Crore will be facilitated by banks and financial institutions as loans with interest subvention of 3% per annum and credit guarantee coverage under CGTMSE scheme for loans up to Rs. 2 Crore.

The beneficiaries of the Fund primarily include;

A) Farmers

B) PACS

C) Marketing Cooperative Societies

D) FPOs

E) SHGs

F) Joint Liability Groups (JLG)

G) Multipurpose Cooperative Societies

H) Agri-entrepreneurs

I) Startups

J) Central/State agency

K) Local Body sponsored Public-Private Partnership Projects.