Bank Loan: Under this government scheme, farmers get a loan of Rs 2 crore, know who can avail the benefit..

Government schemes for farmers: The government has announced several measures to improve agricultural infrastructure in the country and help farmers. The Agriculture Infrastructure Fund (AIF) in India is used to encourage the development and improvement of the agricultural sector. Its main objective is to invest in the development and construction of agricultural infrastructure (such as roads, bridges, irrigation facilities, warehouses, etc.).
Government and private entities in India support its use to help in the structural development of the agriculture sector. Through this, farmers are provided access to technical knowledge, financial structure, and other related services.
Under the Agriculture Infrastructure Fund Scheme, farmers are given a loan of up to Rs 2 crore for setting up cold storage, processing units, warehouses, and packaging units. The central government gives a discount of up to 03% in interest for a maximum of 7 years on loans up to Rs 2 crore to farmers. What are the benefits of the Agriculture Infrastructure Fund?

1) Assistance in the development of the agriculture sector: Through this fund, assistance is provided in structural development for various needs of the agriculture sector, such as irrigation facilities, warehouses, etc.

2) Prosperity of farmers: Through the Agriculture Infrastructure Fund, farmers are provided access to technical assistance, financial structure, and other related services, which helps in their prosperity.

3) Upliftment of the economy: This fund also helps in the upliftment of the economy through strengthening the agriculture sector, as the agriculture sector is the mainstay of the Indian economy.

4) Employment opportunities: Investing in the agriculture sector through this fund also increases job opportunities, which improves the employment situation in rural areas.

How do get the Agriculture Infrastructure Fund?

To take advantage of this scheme, you have to visit the official website www.agriinfra.dac.gov.in. Here you have to fill all the information asked. After this, your registration will be done as soon as you click on the submit button. Two days after applying, the applicant will be verified by the Ministry of Agriculture.

After this, you will have to contact your bank to complete other necessary formalities. After verification, you will get complete information from the bank. The loan will be processed by the bank within 60 days of all these works being done.

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