agriculture infrastructure fund eligibility, aif 3 percent interest subvention, loan cap 2 crore who can apply
Who can borrow under the Agriculture Infrastructure Fund and what is the interest subvention?
RRakesh Agrawal6mo ago · 174 views
5 Answers
🌾Farmer.in Krishi TeamExpert ✓6mo ago
The Agriculture Infrastructure Fund (AIF) is a financing facility for post-harvest and community farming infrastructure such as warehouses, cold storage, grading and sorting units, primary processing, and custom hiring centres. A wide range of borrowers are eligible, including individual farmers, FPOs, PACS, cooperatives, SHGs, agri-entrepreneurs, startups, and certain government and PPP projects. The main benefit is an interest subvention of 3 percent per year on loans, available up to a loan amount of Rs 2 crore per project, for a number of years, along with credit guarantee support for eligible borrowers. Apply through the AIF portal where your project is linked to a lending bank; the bank appraises it like a normal term loan. Confirm current ceilings and tenure on the official portal.
JJeevan Patil6mo ago
Hamare gaon ke kuch logon ne milke AIF ka loan le ke ek godown banaya. 3 percent interest subvention milta hai jo normal loan se kafi sasta pad gaya. Bank ne project ko aam term loan jaise dekha, to project report theek se banwana zaroori hai.
SShobha Rani6mo ago
A point many miss: AIF is for post-harvest and community infrastructure like warehouses, cold storage, grading units and custom hiring centres, not for buying land or general farm expenses. I wasted time on a wrong proposal first. Match your project to the eligible activity list before applying on the portal.
DDevanshu Mehta6mo ago
One practical thing in our case was getting a proper detailed project report made before approaching the bank, because AIF loans are appraised like a normal term loan. A weak project report got us a slow response at first. Once we had a solid DPR with realistic numbers, the bank moved faster and the interest subvention applied on approval.
AArvind Kumar Singh5mo ago
FPOs, PACS, SHGs and agri-entrepreneurs are all eligible, not just individual farmers, so a group project can share the cost. We applied as a group and linked it to our lending bank through the AIF portal. Confirm the current loan ceiling and tenure on the official portal since these can change.