Tuesday, June 22, 2021

Agriculture Infrastructure Fund applications cross Rs. 8,000 crore mark

Agriculture Infrastructure Fund has crossed the eight thousand crore mark. The investment will give a boost to several agricultural projects which will unlock value for farmers across the country.

The Ministry of Agriculture and Farmers Welfare has informed that a total of eight thousand 665 applications worth eight thousand 216 crore rupees have been received for the fund. The largest share of 58 per cent has been contributed by Primary Agricultural Credit Societies followed by agri-entrepreneurs and individual farmers.

The Agriculture Infrastructure Fund has brought farmers and agri-businesses together with newer partnership models. The fund will facilitate medium and long-term debt financing facilities for investment in agricultural projects through interest subvention and credit guarantee. Under the scheme, one lakh crore rupees will be provided by banks and financial institutions as loans with interest subvention of 3 per cent per annum and credit guarantee coverage for loans up to two Crore rupees.

- Advertisement -
Latest news

COVID-19 positivity rate comes down below 5 per cent for 2nd consecutive day in Odisha

In Odisha, the COVID-19 positivity rate has come down below 5 per cent for the second consecutive day today. The state reported a total...

FCI supplies over 76 LMT free food grains till Monday to all 36 States and UTs under PMGKAY for May and June

Food Corporation of India has supplied over 76 Lakh Metric Tonnes free food grains till yesterday to all 36 States and Union Territories under...

Bombay HC adjourns hearing till July 2 on pleas by former Mumbai CP Param Bir Singh

The Bombay High Court has adjourned hearing till July 2 on pleas by former Mumbai CP Param Bir Singh seeking quashing of FIR lodged...
Related news

COVID-19 positivity rate comes down below 5 per cent for 2nd consecutive day in Odisha

In Odisha, the COVID-19 positivity rate has come down below 5 per cent for the second consecutive day today. The state reported a total...

FCI supplies over 76 LMT free food grains till Monday to all 36 States and UTs under PMGKAY for May and June

Food Corporation of India has supplied over 76 Lakh Metric Tonnes free food grains till yesterday to all 36 States and Union Territories under...

Bombay HC adjourns hearing till July 2 on pleas by former Mumbai CP Param Bir Singh

The Bombay High Court has adjourned hearing till July 2 on pleas by former Mumbai CP Param Bir Singh seeking quashing of FIR lodged...