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13/07/23 06:40 AM IST

Heralding Accelerated Rural and Agriculture Transformation Campaign

In News
  • Ministry of Agriculture & Farmers Welfare recently launched a new campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation).
About the AIF
  • The AIF is a financing facility launched on July 8, 2020 for creation of post-harvest management infrastructure and community farm assets.
  • Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33.
  • It gives 3% interest subvention, credit guarantee support through CGTMSE for loan of up to Rs.2 crore and facility of convergence with other Central and State Govt. Scheme.
  • AIF is providing all around financial support to the farmers, Agri-entrepreneurs, farmer groups like Farmer Producer Organisations (FPOs), Self Help Groups (SHGs), Joint Liability Groups (JLGs) etc. and many others to create post-harvest management infrastructure and build community farming asset throughout the country.
Post Harvest Management
  • Post-harvest management refers to the activities and techniques used to preserve and protect crops after they have been harvested.
  • This includes activities such as cleaning, sorting, grading, packaging, storage, and transportation.
  • The goal of post-harvest management is to maintain the quality and safety of the crops, as well as to extend their shelf life, so that they can be sold and consumed at a later time.
Source- PIB

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