Sign In
Learn bits
Schemes & Policies
Mahesh

13/07/23 06:40 AM IST

Heralding Accelerated Rural and Agriculture Transformation Campaign

In News
  • Ministry of Agriculture & Farmers Welfare recently launched a new campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation).
About the AIF
  • The AIF is a financing facility launched on July 8, 2020 for creation of post-harvest management infrastructure and community farm assets.
  • Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33.
  • It gives 3% interest subvention, credit guarantee support through CGTMSE for loan of up to Rs.2 crore and facility of convergence with other Central and State Govt. Scheme.
  • AIF is providing all around financial support to the farmers, Agri-entrepreneurs, farmer groups like Farmer Producer Organisations (FPOs), Self Help Groups (SHGs), Joint Liability Groups (JLGs) etc. and many others to create post-harvest management infrastructure and build community farming asset throughout the country.
Post Harvest Management
  • Post-harvest management refers to the activities and techniques used to preserve and protect crops after they have been harvested.
  • This includes activities such as cleaning, sorting, grading, packaging, storage, and transportation.
  • The goal of post-harvest management is to maintain the quality and safety of the crops, as well as to extend their shelf life, so that they can be sold and consumed at a later time.
Source- PIB

More Related Current Affairs View All

05 May

Key objectives of caste count

'The Union Cabinet has decided that the next Census will include questions on caste to its enumeration of India’s population, for the first time in almost a century. ' T

Read More

05 May

2 new genome-edited rice varieties

'Agriculture Minister Shivraj Singh Chouhan recently released two genome-edited varieties of rice, the first achievement of its kind in the country.' These two varieties, which

Read More

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps