Q. Which of the following statement is NOT correct about “Agriculture Infrastructure Fund (AIF)”?
Explanation: To mobilize a medium – long term debt Financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country government has launched the Agriculture Infrastructure Fund (AIF).
- It is a Central Sector Scheme. It was launched in 2020 to deal with the COVID-19 pandemic crisis with a corpus of Rs. 1 lakh crore.
- Financial assistance is provided in the form of Interest Subvention and Credit Guarantee for setting up post-harvest management Infrastructure.
- Beneficiaries: Farmers, Primary Agricultural Credit Societies (PACS), Farmer Producers Organisations (FPOs), Self Help Groups (SHG), State Agencies/APMCs and others for building “community farming assets” and “post-harvest agriculture infrastructure.