Responding to Prime Minister Narendra Modi’s statement that co-op bodies should popularize the govt’s latest schemes such as Agri Infra Fund, IFFCO MD used the assembly of delegates during Wednesday’s AGM to talk about the Infra Fund.
Breaking down the policy in easy-to-understand terms, Dr U S Awasthi cited many agricultural ventures where loans at discounted rates could be availed from this Fund.
“Banks cannot refuse you and if they do so please contact us”, there was impatience in Awasthi’s words who added that IFFCO is soon going to float a phone number where one can discuss his case. Marketing Director Yogendra Kumar would personally monitor this, he assured.
If you wish to launch small processing units such as making pickles or juices, the Infra Fund offers you 3 percent subsidy. Loan which you got at 8% would be available at 5%, Awasthi explained further.
The same is the case with small farm machinery or setting up of warehouses or even business of microfinance; you get 3% rebate in loan, said the MD underlining Rs 1 lakh crore Fund created under the able leadership of Prime Minister Modi must be utilized for doubling farmers’ income.
