Agriculture Infrastructure Fund (AIF)

Quick facts

• Purpose: To address the existing infrastructure gaps and mobilize investment in agriculture infrastructure.
• Type: Central Sector Scheme
• Implementing Agency: NABARD (National Bank for Agriculture and Rural Development)
• Tenure: Upto 2032- 33

Objective

• To mobilize a medium to long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets.

Salient features

Background: AIF was launched as part of the Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the Centre in May 2020. Financial assistance Provision of Rs. 1 Lakh Crore by banks and financial institutions as loans with interest subvention of 3% per annum and  Credits guarantee coverage under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) for loans up to Rs. 2 Crores. Eligible community assets project Projects identified for providing supply chain infrastructure for clusters of crops including export clusters. Projects promoted by Central/State/Local Governments or their agencies under PPP. Organic inputs production; Bio stimulant production units; Infrastructure for smart and precision agriculture. Management and monitoring Through an online Management Information System (MIS) platform. National, State and District level Monitoring Committees will ensure real-time monitoring and effective feedback. BHARAT campaign: Banks Heralding Accelerated Rural & Agriculture Transformation (BHARAT) campaign was launched to:  Provide maximum benefits to the people  Create a competitive spirit among the Banks and lending institutions to mobilize agriculture infrastructure projects loan at a faster pace.