The Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar said the Agriculture Infrastructure Fund (AIF), launched by the Prime Minister Shri Narendra Modi under the AatmaNirbhar Bharat campaign, is scaling new milestones on Saturday.
Underlining the role of AIF in bridging the Agri Infra gap by empowering agriculture and villages and boosting private investment, Tomar said the Agri Infra Fund has been brought to increase agricultural productivity, increase agricultural exports, make the agriculture sector employable and attract the new generation. Tomar was addressing the Agri Infra Fund Awards ceremony in New Delhi today.
“In the AatmaNirbhar Bharat campaign, more than Rs. 1.5 lakh crore are being invested in Agriculture and allied sectors. This should be used by the State Governments and banks together in the development of the Agriculture sector. This is a great opportunity for the States to fill the gaps in funding agricultural infrastructure. State governments should use it to make Agriculture strong and prosperous, which will make the country develop at a faster pace,” he said.
Tomar said that agriculture sector is important for India. “The primacy of Agriculture has proved itself from time to time. Agriculture helped India come out of the Covid crisis and made a significant contribution to the economy at a time when other sectors were badly affected. Today India is one of the leading countries in the world in terms of agricultural produce,” said Shri Tomar.
Speaking on the occasion, Minister of State for Agriculture and Farmers Welfare, Shri Kailash Choudhary dwelled on the role of Banks and Government agencies in empowering farmers and making the nation self-sufficient. Prime Minister Modi took a bold step by paving easy farm loans as he scrapped the need for collateral, saying the Government of India will stand guarantee, he said.
In his address, Secretary, DA&FW, Shri Manoj Ahuja, called for improved monitoring to make the loan process faster in line with the promptness of the portal-based loan approval mechanism.
Joint Secretary, DA&FW, Shri Samuel Praveen Kumar made a detailed presentation on the two year-journey of AIF. While showering accolades on the Bankers and State Governments for their contribution, he urged them to reinvigorate their teams to make the on-going NOBOL (Nationwide One Branch One Loan) Campaign a grand success.
On the occasion, Tomar gave away the awards under various categories to honour Banks and State Governments for their valuable contribution in financing under the Central Sector Scheme of ‘Agriculture Infrastructure Fund’.
As of now, there has been sanction of 13,700 projects, costing investment of around Rs.17,500 crore with a sanction of Rs 10,131 crore loans. On an average 30 agriculture infrastructure projects per day are being sanctioned under the scheme all over the country in shape of warehouses, assaying units, primary processing units, custom hiring centres, sorting & grading units, cold store and cold chain projects, bio-stimulant manufacturing facilities, seed processing units, etc. which will have huge impact in changing the agriculture landscape of the country.