Manoj Ahuja, Agriculture Secretary, Launches BHARAT Campaign for Banks to Accelerate Rural & Agriculture Transformation through Agri Infra Fund.
BHARAT Campaign
- Agriculture Secretary Manoj Ahuja Aims to Raise 7200 Crore in a Month for Banks under Agri Infra Fund.
- Over 100 Banking Officials Participate in BHARAT Campaign Launch via Video Conferencing with Agriculture Secretary Manoj Ahuja.
- Agriculture Infrastructure Fund (AIF) scheme which has been constructed of Over 31,850 Projects Constructed, Rs. 24,750 Crore in Loans, Highlights Joint Secretary Samuel Praveen Kumar.
- Banking Executives Provide Insightful Suggestions to Elevate AIF to Newer Heights.
- Manoj Ahuja Commends Top Performing Banks and Urges All Banks to Achieve Agri-Infra Project Targets.
- Ministry Urges Banks to Evaluate Ground-Level Impact of Agri-Infra Projects under the Scheme.
About Agriculture Infrastructure Fund
- Agriculture Infrastructure Fund has been approved by the Union Cabinet.
- Agri-Infra Fund Scheme: Facilitating Medium-Long Term Debt Financing for Post-Harvest Management and Community Farm Assets.
- This scheme provides interest subvention and financial assistance.
- The scheme has been launched for a total of 10 years from FY2020 to FY2032.
Benefits of Agriculture Infrastructure Fund
- Interest Subvention: Avail 3% Rebate on Loans up to Rs.2 Crore with a Maximum 7-Year Period.
- Credit Guarantee Coverage: Government-Funded Credit Guarantee for Eligible Borrowers up to Rs.2 Crore.
- FPO Credit Guarantee: Avail Coverage under DACFW’s FPO Promotion Scheme.
- Flexible Repayment Moratorium: Banking News and Updates on Varied Moratorium Periods.
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