{"id":3120,"date":"2023-03-28T04:13:48","date_gmt":"2023-03-28T03:13:48","guid":{"rendered":"https:\/\/www.agriculturelore.com\/?p=3120"},"modified":"2023-03-28T04:13:48","modified_gmt":"2023-03-28T03:13:48","slug":"how-to-apply-for-agriculture-infrastructure-fund","status":"publish","type":"post","link":"https:\/\/www.agriculturelore.com\/how-to-apply-for-agriculture-infrastructure-fund\/","title":{"rendered":"How to apply for agriculture infrastructure fund?"},"content":{"rendered":"

The Agriculture Infrastructure Fund is a provincial government fund that helps farmers and ranchers with the cost of building and maintaining farm infrastructure. The fund is administered by the Ministry of Agriculture and Rural Development.<\/p>\n

1. How to Apply for an Agriculture Infrastructure Fund<\/p>\n

The first step is to identify an agriculture infrastructure fund that meets your needs. There are many different types of agriculture infrastructure funds available, so it is important to do your research to find the one that best suits your project.<\/p>\n

Once you have selected a fund, the next step is to complete an application. Each fund has different eligibility requirements and application process, so it is important to read the instructions carefully.<\/p>\n

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If you are successful in securing funding, the next step is to implement your project. This may include constructing new buildings or making improvements to existing ones, purchasing equipment, or developing new agricultural practices.<\/p>\n

Once your project is complete, you will need to submit a report to the fund to document the results. This report will be used to determine whether or not the fund will provide future funding for similar projects.<\/p>\n

What is the objective of AIF? <\/h2>\n

The scheme was launched by the government in order to provide financial support to those who wish to improve infrastructure in the agricultural sector. The scheme aims to promote entrepreneurship and help farmers become more self-sufficient. In order to be eligible for the scheme, applicants must have a minimum of 2 acres of land under their control. The scheme provides for a maximum subsidy of Rs. 2 lakhs per applicant.<\/p>\n

The Pradhan Mantri Mudra Yojana (PMMY) is a scheme that provides loans of up to Rs 2 crore to eligible entities for projects in different locations. The scheme is open to all eligible entities including commercial banks, cooperative banks, RRBs, small finance banks, NCDC, NBFCs, etc.<\/p>\n

Which of the following States has been conferred with the Agri Infra Fund Awards on July 30 2022 in the best performing state category <\/h3>\n
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The Agricultural and Processed Food Product Export Development Authority (APEDA) has adjudged Madhya Pradesh as the best performing State in the State category, whereas Andhra Pradesh has been recognised as the best performer in sanction of PACS applications. As the best performer in faster disposal of PACS applications, Karnataka has been awarded and Rajasthan has been declared the Rising State under the Agricultural Infrastructure Fund (AIF).<\/p>\n

An AIF satisfies the qualifying investments test if at all times throughout the distribution period the market value of its qualifying investments exceeds 60% of all its investments The list of qualifying investments is set out in full at Regulation 20 (as qualified by Regulation 21).<\/p>\n

Who can apply for AIF? <\/h2>\n

An Alternative Investment Fund (AIF) is a fund established in India for the purpose of investing in alternative assets such as private equity, venture capital, real estate, hedge funds, etc. AIFs can be established as trusts, companies or limited liability partnerships.<\/p>\n

AIFs are subject to certain regulations by the Securities and Exchange Board of India (SEBI). For example, an AIF must have a minimum fund size of INR 20 crores. AIFs are also required to have a minimum investment period of three years.<\/p>\n

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AIFs can raise funds from any sophisticated investor, whether Indian, foreign or non-resident Indians. Investors in AIFs must be aware of the risks associated with investing in alternative assets, which may be illiquid or unlisted.<\/p>\n

Land Bank is a state-owned development finance institution in South Africa. It offers financing for farming and agri-enterprises, including purchases of land, capital financing for machinery and farm equipment, production loans, farm improvements, and infrastructure development.<\/p>\n

What is agri infrastructure loan? <\/h2>\n

The Agriculture Infrastructure Fund Scheme is a top-up scheme that can be used in conjunction with all other available state and central government schemes. Any grant or subsidy available under any present or future scheme of Central\/State government can be availed for projects in addition to this financing facility. This scheme is designed to help improve the infrastructure of the agricultural sector and to make it more competitive.<\/p>\n

If you want to start a farm with no money, you will need to get experience from another farmer, look for deals on the market, and purchase livestock young. You will also need to purchase a good truck and stock up on everything. You may also want to look into possible grants.<\/p>\n

Which bank is best performing in agriculture infrastructure <\/h3>\n
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It is a great honor for Punjab National Bank to be recognized by the Ministry of Agriculture & Farmers Welfare for our work in supporting the Agri Infra Fund Campaigns. This award is a testament to our dedication to improving the lives of farmers and rural communities across India. We will continue to work hard to provide the best possible service to our customers and to contribute to the development of the agricultural sector in India.<\/p>\n

This award was established by the Ministry of Agriculture and Farmers Welfare in 2015. It is named after Late Shri Pandit Deen Dayal Upadhyay, Founder of the Rashtriya Swayamsevak Sangh (RSS) and a great Economist. The award is given to an Indian farmer who has diversified his\/her farming practices to include multiple crops, livestock and\/or fisheries. The award includes a cash prize of Rs. 1 lakh, a certificate and a citation.