State-level agencies and cooperatives will also be entitled to loans as much as Rs 2 cr to create farm gate storage infra and proceing facilities at interest discover this info here subvention of 3%
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The union case today authorized a host of modifications in to the Rs one trillion Agriculture Infrastructure Fund (AIF), including bringing Agriculture Produce Market Committees (APMCs) or regulated mandis within its ambit, a move that the federal federal federal government showcased as the dedication to have them operating.
One key apprehension associated with protesting farmers resistant to the three reform functions brought last 12 months has been that when the legislation enter into impact, the mandis will likely to be dismantled, as lured by low fees, trading will move outside their ambit.
Aside from APMCs, the revised tips also have made state level agencies and cooperatives, entitled getting loans upto Rs 2 crore to construct farm gate storage space infrastructure and facilities that are proceing interest subvention of 3 %.
A moratorium is had by the loans on payment that may vary from 6 months to 2 yrs.
Farm storage and proceing infrastructure such as silos, packing devices, aaying units etc. are adopted underneath the scheme.
To date, UP, Rajasthan and Maharashtra would be the top three states on tentative allocation of this Rs 100,000 crore Fund.