Share
 
Comments

The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi today gave its approval to the following modifications in Central Sector Scheme of Financing Facility under ‘Agriculture Infrastructure Fund’:

    1. Eligibility has now been extended to State Agencies/APMCs, National & State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs) and Federations of Self Help Groups (SHGs).
    1. At present Interest subvention for a loan upto Rs. 2 crore in one location is eligible under the scheme. In case, one eligible entity puts up projects in different locations then all such projects will be now be eligible for interest subvention for loan upto Rs. 2 crore. However, for a private sector entity there will be a limit of a maximum of 25  such projects. This limitation of 25 projects will not be applicable to state agencies, national and state federations of cooperatives, federations of FPOs and federation of SHGs. Location will mean physical boundary of a village or town having a distinct LGD (Local Government Directory) code. Each of such projects should be in a location having a separate LGD code.
    1. For APMCs, interest subvention for a loan upto Rs. 2 crore will be provided for each project of different infrastructure types e.g. cold storage, sorting, grading and assaying units, silos, et within the same market yard.
    1. The power has been delegated to Hon’ble Minister of Agriculture & Farmers Welfare to make necessary changes with regard to addition or deletion of beneficiary in such a manner so that basic spirit of the scheme is not altere
    1. The period of financial facility has been extended from 4 to 6 years upto 2025-26 and overall period of the scheme has been extended from 10 to 13 upto 2032-33.

The modifications in the Scheme will help to achieve a multiplier effect in generating investments while ensuring that the benefits reach small and marginal farmers.  APMC markets are setup to provide market linkages and create an ecosystem of post-harvest public infrastructure open to all farmers.

‘মন কী বাত’ৰ বাবে আপোনাৰ ধাৰণা আৰু পৰামৰ্শ এতিয়াই শ্বেয়াৰ কৰক!
Modi Govt's #7YearsOfSeva
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
‘Reform-oriented’, ‘Friendly govt': What the 5 CEOs said after meeting PM Modi

Media Coverage

‘Reform-oriented’, ‘Friendly govt': What the 5 CEOs said after meeting PM Modi
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM Modi holds fruitful talks with PM Yoshihide Suga of Japan
September 24, 2021
Share
 
Comments

Prime Minister Narendra Modi and PM Yoshihide Suga of Japan had a fruitful meeting in Washington DC. Both leaders held discussions on several issues including ways to give further impetus to trade and cultural ties.