🧵 1. Cabinet expands Rs 1 trillion Agriculture Infrastructure Fund to boost farm facilities and community farming capabilities, enhancing productivity and sustainability. #finance
🧵 1. Cabinet expands Rs 1 trillion Agriculture Infrastructure Fund to boost farm facilities and community farming capabilities, enhancing productivity and sustainability. #finance
🧵 2. Revamped AIF includes primary-secondary processing projects to develop viable projects, fostering a robust agricultural infrastructure ecosystem.
🧵 3. Convergence of PM-KUSUM and AIF for clean energy usage among farmers and cooperatives, with credit guarantee coverage and interest subvention.
🧵 4. AIF beneficiaries receive 3% interest subvention on loans up to Rs 2 crore, with reimbursement of credit guarantee fees, boosting agricultural projects.
🧵 5. AIF supports creation of warehouses, cold stores, and silos, increasing storage capacity by 50 million tonnes, saving food grains and horticulture produce.
🧵 Read more at: https://www.financialexpress.com/business/banking-finance-scope-of-agri-infrafund-expanded-3596030/