State-level agencies and cooperatives may also be entitled to loans as much as Rs 2 cr to create farm gate storage space infra and proceing facilities at interest subvention of 3%
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The union case today approved a bunch of changes in to the Rs one trillion Agriculture Infrastructure Fund (AIF), including Agriculture that is bringing Produce Committees (APMCs) or controlled mandis within its ambit, a move that your federal government showcased as the dedication to keep them operating.
One key apprehension for the protesting farmers contrary to the three reform functions brought last 12 months has been that when the legislation enter into impact, the mandis will undoubtedly be dismantled, as lured by low fees, trading will move outside their ambit.
Aside from APMCs, the revised tips also have made state degree agencies and cooperatives, entitled getting loans upto Rs 2 crore to create farm gate storage space infrastructure and facilities that are proceing interest subvention of 3 percent.
A moratorium is had by the loans on payment which will change from 6 months to 2 yrs.
Farm storage space and proceing infrastructure such as silos, packing devices, aaying devices etc. may be taken on underneath the scheme.
To date, UP, Rajasthan and Maharashtra would be the top three states on tentative allocation of this Rs 100,000 crore Fund.
The choice to add APMCs in to the fold of AIF had been announced when you look at the FY-22 Union Budget by Finance Minister Nirmala Sitharaman. [Read more…] about Centre makes mandis entitled to loans under Rs 1 trn Agri Infra Fund