BANKING AFFAIRS

Detailed explanation-1: -Further, the Government has announced to set up of an Agri-Market Infrastructure Fund with a corpus of Rs. 2000 crore for developing and upgrading agricultural marketing infrastructure in the 22000 Gramin Agricultural Markets (GrAMs) and 585 Agricultural Produce Market Committees (APMCs).

Detailed explanation-2: -Overall, the investment via the financing facility in agriculture infrastructure will benefit all the stakeholders in the eco-system. December 2022, ₹14, 118 crores have been sanctioned, out of which ₹9117 crores have been disbursed under the scheme.

Detailed explanation-3: -The scheme does not have a minimum or maximum loan cap. However, an eligible beneficiary can obtain the maximum benefit of loan upto ₹ 2 crores per project.

Detailed explanation-4: -There is no capital or margin subsidy under the scheme but central government will provide 3% interest subvention per annum upto an outstanding loan limit of ₹2.00 crores and credit guarantee fee for loan amount upto ₹2.00 crores.

Detailed explanation-5: -The AMI scheme envisages Back-ended capital subsidy for credit linked investment in eligible storage and marketing infrastructure projects. North Eastern states, Sikkim, UTs of Andaman & Nicobar and Lakshadweep Islands, hilly areas – 33%