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Cabinet approves setting up Agri-Market Infrastructure Fund

NEW DELHI: The union cabinet Wednesday approved advent of a Rs 2,000-crore Agri-Market Infrastructure Fund (AMIF) for building and upgradation of rural agriculture markets. The corpus of Rs 2,000 crore can be created with NABARD, an respectable commentary stated.

"The CCEA has given its approval for the creation of a corpus of Rs 2000 crore for Agri-Market Infrastructure Fund (AMIF) to be created with NABARD for development and upgradation of agriculture marketing infrastructure in gramin agriculture markets and regulated wholesale markets," the commentary stated.

It additional stated AMIF will provide the state/UT governments subsidised loans for their proposal for creating advertising infrastructure in 585 Agricultural Produce Market Committees (APMCs) and 10,000 villages.

States can get right of entry to AMIF for cutting edge built-in market infrastructure projects, together with via public private partnerships.

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