Govt sanctions Rs 6,540 cr via Agri Infra Fund so far: Tomar

The Centre has approved over 9,000 applications and sanctioned Rs 6,540 crore so far, for the development of agri-infra projects, Agriculture Minister Narendra Singh Tomar said on Friday in Rajya Sabha.

Tomar, in his written reply to the Rajya Sabha, said: “As on date, 16,026 applications for an amount of Rs 10,627 crore have been received on the AIF portal. Out of these, 9,019 applications for Rs 6,540 crore have been sanctioned.”

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This amount has been sanctioned under the Agriculture Infra Fund (AIF), under which financing facility is provided for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and support through credit guarantee facility. AIF with a corpus of Rs 1 lakh crore will be disbursed through loan by 2025-26.