Agricultue Infrastructural Fund (AIF) has been introduced by Indian Government in 2020 and is set to go on till 2030.
dac.gov.in
This scheme covers many other schemes and addons on to it.. the Projects related to Automation, food processing, Mushroom Farming, Cold storage , etc can be made into a project.
Projects upto 2 Crores are covered under this scheme.. this doesnt necessary mean that thats the limit..it just means that this much would be under the AIF coverage.
- It provides 3% interest subvension, say you are taking a loan of 9% interest, this will reduce it to 3%
- It safeguards the project by giving upto 85% cover to the principal amount
- One needs to have a business plan to generate revenue from the project
- The project and its location would be Geo-tagged during the loan period and the grants would be passed after inspection by JIC
Well this is the gist of it, you may ask questions for details or check it yourself. The deadline for report submission is extended till September 2026
