Govt announces Rs 1 lac cr Agri Infrastructure Fund

The Finance Minister announced several measures to strengthen Infrastructure Logistics and Capacity Building for Agriculture, Fisheries and Food Processing Sectors.

Rs 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers Financing facility of Rs. 1,00,000 crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organizations, Agriculture entrepreneurs, Start-ups, etc.).

Impetus for development of farm-gate & aggregation point, affordable and financially viable Post Harvest Management infrastructure. Funds will be created immediately.

Rs 10,000 crore scheme for Formalisation of Micro Food Enterprises (MFE) was also announced.

‘Vocal for Local with Global outreach’ will be launched to help 2 lakh MFEs who need technical upgradation to attain FSSAI food standards, build brands and marketing. Existing micro food enterprises, Farmer Producer Organisations, Self Help Groups and Cooperatives to be supported.

The focus will be on women and SC/ST owned units and those in Aspirational districts and a Cluster based approach (e.g. Mango in UP, Tomato in Karnataka, Chilli in Andhra Pradesh, Orange in Maharashtra etc.) will be followed.

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