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Agriculture Infra Fund with corpus ₹1 lakh crore will be loaned out by 2025-26

Agriculture Infra Fund with corpus ₹1 lakh crore will be loaned out by 2025-26 (1)
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Agriculture Infra Fund with a corpus of ₹ 1 lakh crore will be loaned out by 2025-26

Agriculture Minister Shri Narendra Singh Tomar said in Rajya Sabha on Friday that the Centre has approved over 9,000 applications and sanctioned ₹ 6,540 crores for the development of agri-infrastructure projects.

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Tomar stated in his written reply to the Rajya Sabha that ‘On the AIF portal, 16,026 applications totaling ₹ 10,627 crores have been received to date. A total of 9,019 applications totaling ₹ 6,540 crores have been approved.’

This amount has been sanctioned through the Agriculture Infra Fund (AIF), which provides a financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and credit guarantee facility.

AIF with a corpus of ₹ 1 lakh crore will be disbursed out via loans 2025-26. Also Read | 200 FPOs received credit guarantees worth ₹ 67.91cr in last seven years