- Prime Minister Narendra Modi launched a financing facility of ? 1 lakh crore under the Agriculture Infrastructure Fund for agri-entrepreneurs, startups, agri-tech players and farmer groups for post-harvest management and nurturing farm assets.
- Last month, the Union Cabinet had approved this fund as part of the over ? 20 lakh crore stimulus package announced in response to the Covid-19 crisis, while PM-KISAN is an ongoing scheme being implemented since 2018.
- The new agri-infra fund, the duration of which will be 10 years till 2029, aims to provide medium-to-long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support.