What is Agriculture Infrastructure Fund?

An agriculture infrastructure fund is a financing facility for post-harvesting activities, managing its infrastructure and keeping community farming assets.

How can I apply for the Agriculture Infrastructure Fund?

You can apply online by clicking on ‘Apply Now’ button on the top of this page or visit the nearest branch of Bank of Baroda.

How does the National Agriculture Infra Financing Facility benefit farmers?

All loans up to a limit of ₹ 2 crores under this financing facility will have interest subvention of 3% per annum. This subvention will be available for a maximum period of 7 years. In case of loans beyond Rs. 2 crores, the interest subvention will be limited up to Rs. 2 crores. There is credit

What kind of infrastructure projects are eligible for funding under the Agriculture Infrastructure Fund Scheme?

Following activities are eligible under National Agriculture Infra Financing Facility:All Post-harvest management projectsPrimary processing activitiesCommunity farming assets like tissue cultureOrganic inputs production – Vermicomposting etc.,Financing hydroponic farmingMushroom farmingVertical

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Scheme for Financing under Agriculture Infrastructure Fund

Benefits
Features
Eligibility Criteria
Document Required
Fees And Charges
Most Important Terms and Conditions (MITC)

Scheme for Financing under Agriculture Infrastructure Fund : Benefits

Interest Subvention of 3% for Loans up to limit of Rs 2 crore is available for a period of 7 years
Credit Guarantee coverage will be available for eligible borrowers under credit guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme for loan upto Rs 2 crore.
Rate of Interest is linked with MCLR and Credit Rating
As per Govt. directives, the Scheme will be operational from 2020-21 to 2029-30

Scheme for Financing under Agriculture Infrastructure Fund : Features

Financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure
The AIF scheme will be operational from 2020-21 to 2029-30.

Scheme for Financing under Agriculture Infrastructure Fund : Eligibility Criteria

Eligible Projects:

Post-Harvest Management Projects

Supply Chain Services including e-marketing platform
Warehouses
Silos
Pack houses
Assaying Units
Sorting & Grading Units
Cold Chains
Logistics facilities
Primary processing centers
Ripening Chambers
Primary Processing of Cashew

Viable projects for building community farming assets

Organic inputs production Units
Bio stimulant production units
Infrastructure for smart and precision Agriculture
Projects identified for providing supply chain infrastructure for clusters of crops including export clusters.
Projects promoted by Central/State/Local Governments or their agencies under PPP for building community farming assets or post harvesting management projects.

Eligible beneficiaries

Primary Agricultural Credit Societies (PACS)
Marketing Cooperative Societies
Joint Liability Groups (JLG)
Farmer Producer Organisations (FPOs)
Self Help Groups (SHG)
Multipurpose Cooperative Societies
Agri-entrepreneurs
Start-ups
Aggregation Infrastructure Providers.
Central/State agency or Local Body sponsored PPP Projects

Scheme for Financing under Agriculture Infrastructure Fund : Document Required

KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
Passport Size photo
Land Record
Quotation/Invoice (if available)
Project Report (if available)
IT Returns (if available)

Scheme for Financing under Agriculture Infrastructure Fund : Fees And Charges

Processing Charges:

Nil Processing charges for aggregate loans upto Rs 3.00 Lakhs.
Above Rs 3 Lakhs – 1% of the limit sanctioned with a maximum of Rs 100 lakhs

Inspection Charges:

Nil Inspection Charges for aggregate loan upto Rs 3.00 Lakhs
Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250/-
Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000/-
Above Rs 1 Crore - Rs 5000/-

Scheme for Financing under Agriculture Infrastructure Fund : Most Important Terms and Conditions (MITC)

Nature of Facility

Term Loan

Repayment Period

Term loan to be repaid in 3 to 15 years (including the moratorium period of minimum of 6 months and maximum of 2 years).

Security

For Loan up to Rs. 2 crore, Credit Guarantee coverage under CGTMSE is available to eligible borrowers
Hypothecation of movable structures/equipment/machinery purchased or created out of Banks finance
Mortgage of fixed assets land & buildings
Personal guarantee of Proprietors/Partners/Promoters/ Directors etc.
Any other security acceptable to the Bank

Margin

A minimum of 10% of the project cost needed as promoter's contribution

Rate of Interest

For Limits up to Rs 2.00 crores: One Year MCLR plus 100 basis point (floating) subject to maximum of 9.00% for all Agricultural Infrastructure projects

For limit Above Rs 2.00 Crores:

Internal Credit Rating	Immovable Property Security Coverage
Internal Credit Rating	Above 100%	Above 75-100%	Above 50-75%	Below 50%
Cr-1 to CR-3	MCLR + SP+0.30%	MCLR + SP+0.40%	MCLR + SP0.65%	MCLR + SP+0.90%
CR-4 to CR-6	MCLR + SP+0.65%	MCLR + SP+0.90%	MCLR + SP+1.15%	MCLR + SP+1.40%

Note : The Bank may use the services of agents in sales/marketing etc. of its various products

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What is Agriculture Infrastructure Fund?

An agriculture infrastructure fund is a financing facility for post-harvesting activities, managing its infrastructure and keeping community farming assets.
How can I apply for the Agriculture Infrastructure Fund?

You can apply online by clicking on ‘Apply Now’ button on the top of this page or visit the nearest branch of Bank of Baroda.
How does the National Agriculture Infra Financing Facility benefit farmers?

All loans up to a limit of ₹ 2 crores under this financing facility will have interest subvention of 3% per annum. This subvention will be available for a maximum period of 7 years. In case of loans beyond Rs. 2 crores, the interest subvention will be limited up to Rs. 2 crores.

There is credit guarantee coverage, which is up to Rs. 2 crores. The fee for this coverage will be reimbursed by the Govt. of India.
What kind of infrastructure projects are eligible for funding under the Agriculture Infrastructure Fund Scheme?
Following activities are eligible under National Agriculture Infra Financing Facility:

All Post-harvest management projects

Primary processing activities

Community farming assets like tissue culture

Organic inputs production – Vermicomposting etc.,

Financing hydroponic farming

Mushroom farming

Vertical farming

Aeroponic farming

Poly house/ Greenhouse

Logistics facilities

Tractors for groups like FPOs, PACS, SHGs, JLGs, Cooperatives, National and State Level Federation of Co-operatives, FPOs federations, Federations of SHGs, National and State Level Agencies as they qualify as community farming assets.