Projects worth ₹50,000 cr get support of agri-infra fund
Financial Express Delhi|December 06, 2024
THE AGRICULTURE MINISTRY has approved proposals worth ₹51,000 crore under Agri Infrastructure Fund (AIF) for more than 83,000 projects since its launch four years back.
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Projects worth ₹50,000 cr get support of agri-infra fund

Sources said that so far these sanctioned projects have mobilised an investment of ₹83,763 crore in the agriculture sector, out of which a large chunk has been mobilised from private entities.

The AIF, which was launched in May 2020, aims at disbursing ₹1 lakh crore through banks and financial institutions by the end of FY26.

"While first two years under the fund are considered as gestation period, improved marketing infrastructure and logistics at the farm gate would reduce post-harvest losses and increase farmers' remuneration," an official said.

This story is from the December 06, 2024 edition of Financial Express Delhi.

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This story is from the December 06, 2024 edition of Financial Express Delhi.

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