Status Check, Procedures, Facilities

Organisation : Department of Agriculture & Farmers Welfare
Scheme Name : National Agriculture Infra Financing Facility
Applicable State/UT : All India
Website : https://agriinfra.dac.gov.in/

What is National Agriculture Infra Financing Facility?

National Agriculture Infra Financing Facility will have numerous objective for all the stakeholders in the agriculture eco-system. There is no capital or margin subsidy available under Agri Infra Fund Scheme. Minimum owner’s contribution required is 10% of fixed project cost. The lending institutions submit their interest subvention and CGTMSE fee claims to the Ministry on periodic Intervals. After receipt of the claimed amount from Ministry, the same is credited to your loan account by the banks.

Related / Similar Facility : Computerized Registration of Pesticides (CROP)

Features of National Agriculture Infra Financing Facility

** Convergence with all schemes of central or state government.
** Online single window facility in collaboration with participating lending institutions.
** Project Management Unit to provide handholding support for projects including project preparation.
** Size of the financing facility – ₹ 1 lakh Crore.
** Credit Guarantee for loans up to ₹ 2 Crore.
** Interest subvention of 3% p.a., limited to ₹ 2 crore per project in one location, though loan amount can be higher.
** Cap on lending rate, so that benefit of interest subsidy reaches the beneficiary and services to farmers remain affordable.
** Multiple lending institutions including Commercial Banks, Cooperative Banks, RRBs, Small Finance Banks, NCDC, NBFCs etc.
** One eligible entity puts up projects in different locations then all such projects will be eligible under the scheme for loan upto ₹ 2 crore.
** For a private sector entity, such as farmer, agri entrepreneur, start-up there will be a limit of maximum of 25 such projects.
** Limitation of 25 projects will not be applicable to state agencies, national and state federations of cooperatives, federations of FPOs and federation of SHGs.
** Location mean physical boundary of a village or town having a distinct LGD (Local Government Directory) code.
** Each of such project should be in a location having a separate LGD (Local Government Directory) Code.
** APMCs will be eligible for multiple projects (of different infrastructure types) within their designated market area.
** Interest subvention will be available for a maximum period of 7 years.
** Moratorium for repayment under this financing facility may vary subject to minimum of 6 months and maximum of 2 years.
** Disbursement will complete in six years from 2020-21.
** Need based refinance support will be made available by NABARD to all eligible lending entities including cooperative banks and RRBs as per its policy.

Who Can Apply For National Agriculture Infra Financing Facility?

** Agricultural Produce Market Committee
** Agri-Entrepreneur
** Central sponsored Public-Private Partnership Project
** Farmer
** Farmer Producers Organization
** Federation of Farmer Produce Organisations
** Joint Liability Groups
** Local Body sponsored Public-Private Partnership Project
** Marketing Cooperative Society
** Multipurpose Cooperative Society
** National Federations of Cooperatives
** Primary Agricultural Credit Society
** Self Help Group
** Federations of Self Help Groups
** Start-Up
** State Agencies
** State Federations of Cooperatives
** State sponsored Public-Private Partnership Project

How To Apply For National Agriculture Infra Financing Facility?

** Application process is completely online. Go to the AIF portal. Register with mobile phone number and aadhar number to receive an OTP to generate your login credentials.
** Thereafter, you can apply for loan by filling an application form available on the portal and uploading a copy of Detailed Project Report (DPR).
** This application will be verified by Central PMU at Ministry and will then be automatically received by the lending institution opted by you on the portal.
** The lending institute will appraise the project and decide whether to sanction the loan or reject the application based on viability of project.
** After the disbursal of loan, interest subvention and credit guarantee fee will be released by GOI to the lending institution based on the claim submitted by them.