BUDDYCONCEPT
  • Home
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept
  • Home
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept

Cabinet approves financing facility under 'Agriculture Infrastructure Fund'

8/7/2020

0 Comments

 
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund. The scheme shall provide a medium - long term debt financing facility through interest subvention and financial support.
  • Under the scheme, Rs. One Lakh Crore will be provided by banks and financial institutions as loans.Loans will be disbursed in four years.
  • All loans under this financing facility will have interest subvention of 3% per annum up to a limit of Rs. 2 crore. This subvention will be available for a maximum period of seven years. 
  • Agri Infra fund will be managed and monitored through an online Management Information System (MIS) platform. 
  • The National, State and District level Monitoring Committees will be set up to ensure real-time monitoring and effective feed-back.
0 Comments



Leave a Reply.

    Current Affair

    All
    Event & Awards
    Indian Defence
    Indian Economy
    Indian Polity
    International Relation
    Person & Places In News
    Reports
    Schemes & Initiative
    Science & Environment

    Archives

    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

  • Home
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept