The Government on Wednesday approved the setting up of an agriculture infrastructure fund with a corpus of Rs1 lakh cr, to provide financial support to entrepreneurs, startups, agri-tech players, and farmer groups for infrastructure and logistics facilities.

The scheme will provide a medium - long term debt financing facility for investment in eligible projects for post-harvest management Infrastructure and community farming assets. The loans will be disbursed in a total of four years, starting with the sanction of Rs 10,000 cr in the current fiscal year, followed by Rs30,000 cr each in the remaining three fiscal years. The funds will be provided for setting up of cold storages and chains, warehousing, silos, assaying, grading and packaging units, e-marketing points linked to e-trading platforms, and ripening chambers, besides PPP projects for crop aggregation sponsored by central/state/local bodies.

The center will set up national, state, and district-level monitoring committees to ensure real-time monitoring and effective feed-back of the scheme. The scheme has been launched for a period fo 10 years from FY2020-FY2029.