Agri Infrastructure

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Agri Infrastructure

Atmanirbhar Bharat Abhiyaan - Agriculture
The central government has made various allocations for allied agriculture industries under Atmanirbhar package. Majority of the reforms are structural in nature and will show results over time, provided effective implementation takes place.

Features

Provides medium-long term financing facility for investment in viable projects for post-harvest management infrastructure.

  • Interest rate : Interest subvention of 3% per annum up to a limit of Rs 2 crore. Subvention will be for maximum seven years
  • Loan amount :Agri Infrastructure Loans will be disbursed in four years starting with sanction of Rs 10,000 crore in the current year and Rs 30,000 crore each in next three financial years

Eligibility

  • Credit guarantee coverage will be available for eligible borrowers from this financing facility under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for loan up to Rs 2 crore.

Repayment

  • Moratorium for repayment may vary subject to minimum of 6 months and maximum of 2 years.

Last Updated On : Wednesday, 11-11-2020

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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