For development of agriculture infrastructure project farm-gate and aggregation points.

The scheme was launched with the financing facility of Rs.1.00 lakh crore fund. It is a new pan India Central Sector

The duration of the scheme shall be from FY2020 to fy2029.

The eligible borrowers under the scheme are individual farmers, PACS, Marketing Cooperative    Societies. FPOs, SHGS, Joint liability Groups (JLG),Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups  and Central/State agency or Local Body sponsored Public Private Partnership pro   This will allow the benefits to reach the lowest levels of agriculture economy.

Maximum loan amount under the scheme is Rs.2.00 crore.

Loan Duration is 7 years approximately.

Under the scheme Rs.1.00 lakh crore will be provided by banks and financial institutions as loans with interest subvention of 3% per annum and credit guarantee coverage under CGTMSE scheme for loans up to Rs.2.00 crore.

Interest subvention @ 3% per annum up to a limit of Rs. 2 crore is available for a maximum period of 7 years.

This scheme is a medium-long term debt financing facility for investment in viable projects for post-harvest manage’]lent infrastructure and community farming assets through interest subvention and credit guarantee and guarantee fee will be paid by govt.

CGTMSE guarantee coverage for loan up to Rs.2 Crore is The fee will be borne by Government. In case of  FPOs the credit guarantee may be availed from the facility created under FPO promotion scheme of DACFW.

This scheme will help in creating better storage, modern cold storage chain in villages and  many employment opportunities will be created in the villages.

This scheme will enable farmers to make modern facilities of storage in their villages.

Under this scheme, construction of cold storage units, cold chain processing units etc. can be financed with the loan amount received under the scheme wherein farmers can preserve perishable goods for a long time and they can get a fair price of grains and can avoid distress sale apart from reduction of agricultural wastage due to lack of market.

Under the scheme the lending institutions will have a special fund created for credit facility to agricultural sector. Easier access to credit facility will help in developing infrastructure to transform agricultural sector into a profitable venture.

Under the scheme it is allowing access to storage facilities through development of store houses will result in reduction of agricultural wastage due to lack of market. This will also help farmers to use storage receipts to avail loans for agricultural expansion.