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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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PM Modi remembers the unparalleled bravery and sacrifice of the Sahibzades on Veer Baal Diwas
December 26, 2024

The Prime Minister, Shri Narendra Modi remembers the unparalleled bravery and sacrifice of the Sahibzades on Veer Baal Diwas, today. Prime Minister Shri Modi remarked that their sacrifice is a shining example of valour and a commitment to one’s values. Prime Minister, Shri Narendra Modi also remembers the bravery of Mata Gujri Ji and Sri Guru Gobind Singh Ji.

The Prime Minister posted on X:

"Today, on Veer Baal Diwas, we remember the unparalleled bravery and sacrifice of the Sahibzades. At a young age, they stood firm in their faith and principles, inspiring generations with their courage. Their sacrifice is a shining example of valour and a commitment to one’s values. We also remember the bravery of Mata Gujri Ji and Sri Guru Gobind Singh Ji. May they always guide us towards building a more just and compassionate society."