Agriculture Infrastructure Fund
- August 10, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Subject: Schemes
Context:
Prime Minister has launched a new financing scheme under the ₹1 lakh crore Agriculture Infrastructure Fund.
Concept:
- Government has launched Central Sector Schemeof financing facility under “Agriculture Infrastructure Fund” of Rs. 1 Lakh Crore.
- The Fund will catalyze the creation of post-harvest management infrastructure and community farming assets such as cold storage, collection centres, processing units, etc.
- These assets will enable farmers to get greater value for their produce, as they will be able to store and sell at higher prices, reduce wastage, and increase processing and value addition.
- The beneficiaries of the scheme will include farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.