July 8, 2021
The scheme was approved by the cabinet last year under the guidance of Prime Minister Shri Narendra Modi.
It aims to provide debt financing facilities for projects on post-harvest management and community farming assets.
The new modifications in the scheme are expected to aid the accumulation of investments significantly.
The assurance of the scheme’s benefits reaching farmers with a low or marginal income is greater with the modifications.
A series of modifications in the Central Sector Scheme of Financing Facility under the ‘Agriculture Infrastructure Fund’ have received approval from the Union Cabinet headed by the Hon’ble Prime Minister Shri Narendra Modi. The scheme, approved by the cabinet last year, aims to provide a medium – long term debt financing facility in order to provide the investment for applicable projects for post-harvest management and community farming assets by means of interest subventions and financial support. Expressing the commitment of the government towards the farmers and the agricultural sector at large, Hon’ble Home Minister Shri Amit Shah had mentioned that the decision behind the approval of the scheme was to consolidate the Agricultural Produce Market Committee (APMC) system and improve employment opportunities, among many others.
The modifications in the scheme are as listed below:
These are expected to enable a multiplier effect in the accumulation of investments, along with the assurance of the benefits reaching farmers with a small or marginal income. Many APMC markets are also being established to enable the provision of market linkages along with the facilitation of an ecosystem of post-harvest public infrastructure which is open to all farmers.