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Home Co-op News Snippets

Agri Infra Fund portal receives 19000 applications

Amit Awana by Amit Awana
March 23, 2022
in Co-op News Snippets
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Agri Infra Fund portal receives 19000 applications
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Agriculture Infrastructure Fund portal has received more than 19000 applications seeking subsidized loans worth Rs 13,400 crore under the Agriculture Infrastructure Fund (AIF) scheme.

Out of this, a total of 10394 projects have been sanctioned under the scheme worth a loan of Rs.7677 crore which includes in principle sanction by NABARD, said govt sources.

Further, to make the scheme more attractive DA&FW have increased project limit of one project per beneficiary to upto 25 projects per beneficiary and also included APMCs, Federations of FPOs, SHGs and Cooperative and State agencies as eligible beneficiaries under the scheme.

For the awareness creation Agriculture Minister had conducted two review meetings with the Chief Ministers of all the states (August 2020 and September 2021) and department is conducting various awareness programmes, workshops and review meetings with State Nodal Officers, Bank Officials, Applicants, Agri-entrepreneur, FPOs etc. on a regular basis.

Tags: agricultureBreakingcooperativeFPOnabardSHGs
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