AGRICULTURE INFRASTRUCTURE FUND

Central Sector scheme for Post-harvest Management

Scheme

Purpose

Medium/ long term debt financing facility for investment in viable projects for post-harvest management Infrastructure such as:

Supply chain services including e-marketing platforms/ Warehouse & Silos/ Cold Stores and Cold Chain/ Packaging Units/ Assaying Units/ Sorting and grading units/ Logistic Facilities- Reefer Van & Insulated vehicles/ Ripening Chambers/ Farm residue/ waste management infrastructures/ Primary Processing activities/ Integrated primary and secondary processing activities

and viable farming assets such as:

Organic inputs production - Vermicomposting etc./ Compressed Biogas ( CBG) Plant/ Bio stimulant production units/ Infrastructure for smart and precision agriculture -Purchase of drones, boom sprayer, putting up specialized sensors on field, Blockchain and AI in agriculture etc. ,Remote sensing and Internet of Things (IOT) such as automatic weather station, Farm advisory services through GIS applications/ Nursery/ Tissue culture/ Seed Processing/ Custom Hiring Centre - Farm machinery/ implements (minimum of 4 in quantity)/ Farm/Harvest Automation (combine harvestor, sugarcane harvestor etc.)/ Setting up of Decentralized Ground/ Stilt Mounted Grid Connected Solar based Power Plants (PM-KUSUM component A)/ Standalone solar pumping system (PM-KUSUM component B)/ Solarization of grid connected Agri-pump under PM-KUSUM component C/ Integrated Spirulina production & processing units/ Sericulture processing unit/ Honey processing/ Plant quarantine units/ 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 for building viable farming assets or post-harvest management projects/ Hydroponic Farming/ Mushroom farming/ Vertical farming/ Aeroponic farming/ Poly house/ Greenhouse/ Logistics facilities (including non-refrigerated/insulated vehicles)

Eligibility

Target Audience

Farmers (including FPOs, PACS, Marketing Cooperative Societies, Multipurpose cooperative societies, State Agencies, Agricultural Produce Market Committees (Mandis), National & State Federations of Cooperatives, Multipurpose cooperative societies, Federations of FPOs and Federations of Self-Help Groups (SHGs) etc.), Agri-entrepreneurs and start-ups, Central/ state agency or Local body sponsored public private partnership projects.

Age Criteria

Minimum 18 years

Other Criteria

Applicant must apply though Agriculture Infrastructure Fund portal and should be approved by Central PMU.

Application once sanctioned to be Geo tagged through Krishi Mapper application.

Financials

Quantum

No Minimum & No Maximum

Margin

Up to Rs.2.00 Lakhs - Nil

Above Rs.2.00 lakhs - Minimum 10% on the project cost

Rate of interest

Ranges from 10.15% to 11.30% based on rating.

For loan amount up to Rs.2.00cr, interest rate will be capped at 9% and for PM Kusum applications, interest rate will be capped at 9% irrespective of quantum.

Interest Subvention

3% per annum for limit up to Rs.2.00cr for a maximum period of 7 years

Processing charges

Up to Rs. 50,000/- - Nil

Above Rs. 50,000/- - 0.25% of the limit sanctioned + applicable GST.

Tenure

Repayment period

Maximum 12 years including holiday period

Holiday period

Maximum 24 Months

Security

Up to Rs.2.00 Lakhs

Hypothecation of assets created

Above Rs.2.00 Lakhs

Hypothecation of assets & Suitable Collateral with 100% coverage for the loan amount.

Coverage under CGTMSE is considered and in such case no collateral will be insisted/ Hybrid Security model is also permitted.