CCEA okays Rs 2,000 Crore Nabard agriculture market infrastructure fund

The Cabinet Committee on Economic Affairs (CCEA) approved a corpus of `2,000 crore for Agri Market Infrastructure Fund (AMIF) to be created with Nabard for development and upgrade of agricultural marketing infrastructure in rural and regulated wholesale markets.

The fund will provide subsidised loans to states and Union Territories for 585 agricultural produce market committee (APMC) mandis and 10,000 gramin agricultural markets (GrAMs).

“The state governments may also access AMIF for innovative integrated market infrastructure projects, including hub and spoke mode and in privatepublic-partnership mode. In these GrAMs, physical and basic infrastructure will be strengthened using MGNREGA and other government schemes,” said a senior agriculture official.


The agriculture ministry will provide interest subsidy to Nabard in alignment with budget releases during 2018-19 and 2019-20, up to 2024-25. “The scheme being demand-driven, progress will depend on demand from states,” the official said.