New Delhi: Agriculture Infrastructure Fund receives applications worth more than Rs 8000 crores.
The largest share of the pie is contributed by Primary Agricultural Credit Societies (PACS) (58%), agri-entrepreneurs (24%) and individual farmers (13%). These investments are for a wide range of projects which will unlock value for farmers across the country. States leading the front are Andhra Pradesh (2,125 applications), Madhya Pradesh (1,830), Uttar Pradesh (1,255), Karnataka (1,071) & Rajasthan (613). While most of these states are leveraging their strong cooperatives network to take the lead, Madhya Pradesh stands out with the highest non-PACS applications. Agriculture Infrastructure Fund will bring together the collective power of all stakeholders in the Agriculture ecosystem.
The Agriculture Infrastructure Fund is a medium – long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and credit guarantee.