01-February-2023
Economy News
 
Agriculture Infrastructure Fund mobilises over Rs 30,000 crore for creation of post-harvest management infrastructure
24-Jan-2023

Agriculture Infrastructure Fund (AIF), which was launched in July 2020, has mobilised over Rs 30,000 crore for taking up projects related to creation of post-harvest management facilities. The AIF is a financing facility for creation of post-harvest management infrastructure and community farm assets. Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33, an official statement said. "Within two-and-a-half years of the implementation of the AIF, the scheme has mobilised more than Rs 30,000 crore for projects in the agriculture infrastructure sector with a sanctioned amount of Rs 15,000 crore under AIF," it added.

News Source:- https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-infrastructure-fund-mobilises-over-rs-30000-crore-for-creation-of-post-harvest-management-infrastructure/articleshow/97257033.cms