Agri Infrastructure Fund Scheme (AIF- Scheme)

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Agri Infrastructure Fund Scheme (AIF- Scheme)

Purpose

  • To establish Cold stores, Warehousing, Silos, packing units, Assaying/ Grading, Logistic facilities, Primary processing centers, packing units, ripening chambers /waxing plants, etc.

Objective

  • To enhance post-harvest management infrastructure.

Features

  • Type of Facility: Term loan
  • Margin:
    • Up to the loan limit Rs. 2 Cr: Min 10% of the project cost.
    • Above the loan limit of Rs. 2 Cr: 25% of the project cost.
  • Quantum of Loan:
    • Minimum loan: No ceiling
    • Maximum loan: No ceiling
  • Security: As per Bank’s extant guidelines.
  • Repayment: Repayment period will be ten (10) years including moratorium period of 6 - 24 months.
  • Interest Rate: -
    • Up to the loan limit of Rs. 2 Cr: 6M MCLR +100 bps.
    • Above the loan limit of Rs. 2.00 Cr: As per Bank’s extant guidelines.
  • Interest Subvention - Interest Subvention 3% p.a. for up to Rs. 2 Cr for a period of 7 years including moratorium period.
  • Credit Guarantee: -
    • Up to Rs.2 Cr: CGTMSE for MSME.
    • Up to Rs.2 Cr: From SFAC for FPO/ FPCs under FPO promotion scheme of DA & FW.
  • Portal : http://www.agriinfra.dac.gov.in
  • FAQs : For more details, please visit nearest SBI Branch.

Who are eligible?

  • State agency/ APMCs, National & State Federations of Co-operatives, PACS, Marketing Coop Societies, FPOs, SHGs, JLGs, Multipurpose Cooperative Societies, Agri entrepreneurs, Start-ups and Central/ State Agency or local Body sponsored PPP Projects (Single entity can now set up max 25 projects different location).

Document Required

  • Application Form
  • Two Passport Size Photographs.
  • ID proof such as Driving License/ Aadhar Card/ Voter Identity Card/ Passport.
  • Address Proof such as voter ID card, Driving License, Aadhar Card.
  • Detailed Project Report (DPR)
  • Original Title Deeds, House/ Property tax payment receipts. Title Investigation Report (TIR) as per Bank’s extant instructions.
  • Any other document as per sanction.

Last Updated On : Thursday, 09-03-2023

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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