Context: The union cabinet expanded the scope of the 1 lakh crore Agriculture Infrastructure Fund (AIF).
Agriculture Infrastructure Fund (AIF)
oViable Farming Assets: To allow all eligible beneficiaries of scheme for creation of infrastructure covered under 'viable projects for building community farming assets'.
oIntegrated Processing projects: To include integrated primary secondary processing projects in list of eligible activities under AIF.
oPM KUSUM Component-A: To allow convergence of Component-A of PM-KUSUM with AIF for farmer/group of farmers/ Farmer Producer Organizations/ Cooperatives/ Panchayats.
üThe alignment of these initiatives aims to promote sustainable clean energy solutions alongside the development of agricultural infrastructure.
oNABSanrakshan: In addition to CGTMSE, it is proposed to extend AIF credit guarantee coverage of FPOs through the NABSanrakshan Trustee Company Pvt. Ltd. also.
üThis expansion of credit guarantee options is intended to enhance the financial security and creditworthiness of FPOs, thereby encouraging more investments in agricultural infrastructure projects.
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