Agri infra fund: the government launches a call for proposals

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This is to develop infrastructure assets, including post-harvest facilities, in the agricultural sector

This is to develop infrastructure assets, including post-harvest facilities, in the agricultural sector

The state government has solicited investment proposals to develop infrastructure assets, including post-harvest facilities, in the agricultural sector under the Agricultural Infrastructure Fund.

Silos, cold chain networks and processing units can be set up as part of the program. These assets would help significantly reduce post-harvest losses in the sector, the Agriculture Department said on Saturday.

The term of the loan is 13 years. A 3% interest subsidy is available for loans up to ₹2 crore. The government also provides credit guarantee for loans up to ₹2 crore. Convergence with central and state government programs is another feature of the initiative.

Loans will be available from several lending institutions including commercial banks, cooperative banks, regional rural banks, National Cooperative Development Corporation (NCDC), non-banking finance companies and Kerala Bank. Applications can be submitted at agriinfra.dac.gov.in.

Farmers, groups of farmers, companies of agricultural producers, groups with joint and several liability, agricultural companies and cooperatives (cooperative marketing company, multipurpose cooperative company, national federation of cooperatives, primary agricultural credit company) are eligible. .

One benefit of the program, according to the department, is that with investments in logistics infrastructure, farmers will be able to sell to market with reduced post-harvest losses and fewer middlemen. This will make them more independent and improve their access to the market.

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