In view of above, the Hon'ble Finance Minister announced on 15.05.2020, Rs 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers. Financing facility of Rs. 1,00,000 crores will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Startups, etc.). Impetus for development of farmgate & aggregation point, affordable and financially viable Post Harvest Management infrastructure.
Accordingly, Department of Agriculture Co-operation and Farmers Welfare (DAC&FW) has formulated the Central Sector Scheme to mobilize a medium - long term debt financing facility for investment in viable projects relating to postharvest management Infrastructure and community farming assets through incentives and financial support.
- Improved marketing infrastructure to allow farmers to sell directly to a larger base of consumers and hence, increase value realization for the farmers. This will improve the overall income of farmers.
- With investments in logistics infrastructure, farmers will be able to sell in the market with reduced post-harvest losses and a smaller number of intermediaries.
- Community farming assets for improved productivity and optimization of inputs will result in substantial savings to farmers.
b. Government
This story is from the February 2022 edition of BANKING FINANCE.
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This story is from the February 2022 edition of BANKING FINANCE.
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