Agriculture Infrastructure Fund (AIF) Scheme

To mobilize a medium – long-term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets.

Rs. 26,064 Crores

3% per annum

<p>'BHARAT' (Banks Heralding Accelerated Rural &amp; Agriculture Transformation)</p> Signup and view all the answers

<p>One month, from 15th July 2023 to 15th August 2023</p> Signup and view all the answers

<p>Rs. 44,208 crores</p> Signup and view all the answers

<p>The primary objective of the BHARAT campaign is to promote the creation of agriculture infrastructure. As of 31.07.2023, overall Rs.1239 Cr has been sanctioned by numerous banks for 1375 projects.</p> Signup and view all the answers

<p>The Ministry is committed to having regular interactions with bank executives through various modes of communication to review performance under the campaign and to persuade the slow movers and non-starters to perform. They provide handholding support through regular interactions with banks' top executives and their Nodal Officers, capacity building programs, and awareness sessions.</p> Signup and view all the answers

<p>The Ministry sets AIF annual targets for individual banks on the basis of their clientele base, geographical reach, and share in the agricultural advance, and past performance.</p> Signup and view all the answers

<p>The 'Bankers are Anchors' program is conducted to review the progress of the AIF Scheme and provide handholding support. It was conducted at NABARD HQ in Dec. 2022.</p> Signup and view all the answers

<p>Social media groups comprising Banks' AIF Teams serve as a fast mode of communication with banks for persuading them to lend more and more under AIF for creation of agriculture infrastructure, and this forum also helps in sorting out operational issues and providing handholding support.</p> Signup and view all the answers

<p>The special award-giving ceremonies are organized to acknowledge the contribution of top-performing Bank Executives and their Team members. The recipients of these awards are the top-performing Bank Executives and their Team members.</p> Signup and view all the answers

<p>Rs. 1 Lakh Crore = Total loan amount provided by banks and financial institutions 3% per annum = Interest rate on loans CGTMSE = Credit guarantee coverage for loans up to Rs. 2 Crores Rs. 26,064 Crores = Total loan amount sanctioned for projects</p> Signup and view all the answers

<p>Rs. 44,208 Crores = Total investment mobilized in the agriculture sector Rs. 2 Crores = Maximum loan amount with credit guarantee coverage Rs. 1 Lakh Crore = Total loan amount provided by banks and financial institutions 33,369 = Number of projects sanctioned under the AIF scheme</p> Signup and view all the answers

<p>Banks and financial institutions = Providers of loans up to Rs. 1 Lakh Crore CGTMSE = Providers of credit guarantee coverage Ministry of Agriculture &amp; Farmers Welfare = Launched the AIF scheme Government = Launched the BHARAT campaign</p> Signup and view all the answers

<p>08 AUG 2023 = Date of posting information on the AIF scheme 15th July 2023 = Start date of the BHARAT campaign 2020 = Launch year of the AIF scheme 15th August 2023 = End date of the BHARAT campaign</p> Signup and view all the answers

<p>Post-harvest management = Type of infrastructure for which loans are provided Community farming assets = Type of infrastructure for which loans are provided Agriculture Infrastructure Fund = Scheme for mobilizing investment in agriculture infrastructure BHARAT = Campaign for creating a competitive spirit among banks</p> Signup and view all the answers

<p>Maximum benefits = People Competitive spirit = Banks and lending institutions Credit guarantee coverage = Loans up to Rs. 2 Crores Interest subvention = Loans with 3% per annum interest rate</p> Signup and view all the answers

<p>Commercial Banks in Public Sector = Government-owned banks that provide general banking services Regional Rural Banks = Banks that provide financial services to rural areas Small Finance Banks = Banks that provide basic banking services to underserved populations Cooperative Banks = Banks owned and controlled by their members</p> Signup and view all the answers

<p>Ministry of Agriculture and Farmers' Welfare = Sets annual targets for individual banks and provides handholding support NABARD = Provides financial assistance to banks for AIF projects Bank Executives = Implement the AIF Scheme and report to the Ministry AIF Nodal Officers = Coordinate with banks to ensure smooth implementation of the AIF Scheme</p> Signup and view all the answers

<p>BHARAT Campaign = To create a competitive spirit among banks and lending institutions Bankers are Anchors Programme = To promote the AIF Scheme among bankers Capacity Building Programmes = To train bank officials on the AIF Scheme Social Media Groups = To facilitate communication between banks and the Ministry</p> Signup and view all the answers

<p>Award Giving Ceremonies = To acknowledge top-performing bank executives and their teams Regular Interactions with Bank Executives = To review performance and provide handholding support Capacity Building Programmes = To train bank officials on the AIF Scheme Daily Performance Updates = To generate enthusiasm and competitive spirit among banks</p> Signup and view all the answers

<p>Head Offices of Banks = Implement the AIF Scheme and report to the Ministry Bank Executives = -coordinate with the Ministry for handholding support AIF Nodal Officers = Coordinate with banks to ensure smooth implementation of the AIF Scheme Controlling Offices of Banks = Monitor the progress of AIF projects</p> Signup and view all the answers

<p>Daily Performance Updates = To create a competitive spirit among banks Regular Interactions with Bank Executives = To review performance and provide handholding support Social Media Groups = To facilitate communication between banks and the Ministry Award Giving Ceremonies = To acknowledge top-performing bank executives and their teams</p> Signup and view all the answers

<p>To mobilize medium – long-term debt financing facility for investment in viable projects</p> Signup and view all the answers

<p>33,369 projects</p> Signup and view all the answers

<p>Rs. 44,208 Crores</p> Signup and view all the answers

<p>A month-long campaign</p> Signup and view all the answers

<p>3% per annum</p> Signup and view all the answers

<p>Rs. 26,064 Crores</p> Signup and view all the answers

<p>Clientele base, geographical reach and share in agricultural advance</p> Signup and view all the answers

<p>To generate enthusiasm and competitive spirit among banks</p> Signup and view all the answers

<p>To implement the AIF Scheme from application to reimbursement</p> Signup and view all the answers

<p>To create awareness about the AIF Scheme among bank officials</p> Signup and view all the answers

<p>To facilitate communication with banks and sort out operational issues</p> Signup and view all the answers

<p>It is an interaction programme with banks' top executives and their Nodal Officers</p> Signup and view all the answers