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Cabinet approves modifications in Central Sector Scheme of financing facility under ‘Agriculture Infrastructure Fund’

Published By : Admin | July 8, 2021 | 20:42 IST

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.

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Prime Minister condoles passing away of former Prime Minister Dr. Manmohan Singh
December 26, 2024
India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji: PM
He served in various government positions as well, including as Finance Minister, leaving a strong imprint on our economic policy over the years: PM
As our Prime Minister, he made extensive efforts to improve people’s lives: PM

The Prime Minister, Shri Narendra Modi has condoled the passing away of former Prime Minister, Dr. Manmohan Singh. "India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji," Shri Modi stated. Prime Minister, Shri Narendra Modi remarked that Dr. Manmohan Singh rose from humble origins to become a respected economist. As our Prime Minister, Dr. Manmohan Singh made extensive efforts to improve people’s lives.

The Prime Minister posted on X:

India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji. Rising from humble origins, he rose to become a respected economist. He served in various government positions as well, including as Finance Minister, leaving a strong imprint on our economic policy over the years. His interventions in Parliament were also insightful. As our Prime Minister, he made extensive efforts to improve people’s lives.

“Dr. Manmohan Singh Ji and I interacted regularly when he was PM and I was the CM of Gujarat. We would have extensive deliberations on various subjects relating to governance. His wisdom and humility were always visible.

In this hour of grief, my thoughts are with the family of Dr. Manmohan Singh Ji, his friends and countless admirers. Om Shanti."