Agri Infra Fund (AIF) Scheme Term Loan for setting up of Agriculture related Infrastructure facilities
Agri Infra Fund (AIF) Scheme EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Term Loan for setting up of Agriculture related Infrastructure facilities 3% interest subvention available to beneficiaries, Rrepayment period: maximum 7 years including 2 years moratorium period. Term Loans sanctioned by Banks for AIF eligible activities on or after 08.07.2020 are eligible for coverage under the scheme. Beneficiaries who have availed subsidy etc benefits under other government schemes (viz. NHB, MMSY, Agri Mechanisation, micro food processing, RKVY, PMSKY etc.) and have availed loan from Banks are also eligible for coverage under the AIF scheme under Convergence for AIF eligible activities.
HPSCB Loan : Eligibility Following projects are eligible for all beneficiaries including Individuals, private entities as well as groups such as FPOs, PACS, SHGs, JLGs, Cooperatives, National and State Level Federation of Co-operatives, FPOs federations, Federations of SHGs, National and State Level Agencies : A. Post-Harvest Management Projects Supply chain services including e-marketing platforms. Warehouse & Silos Cold Stores and Cold Chain Packaging Units, Sorting and grading units Logistic Facilities- Reefer Van & Insulated vehicles Ripening Chambers Farm residue/waste management infrastructures Primary Processing activities B. Community Farming Assets Organic inputs production – Vermicomposting etc. Compressed Biogas ( CBG) Plant & Bio stimulant production units Infrastructure for smart and precision agriculture Purchase of drones, putting up specialized sensors on field, Block chain and AI in agriculture etc. Nursery Tissue culture Seed Processing Farm/Harvest Automation Sericulture processing unit Honey processing Plant quarantine units Projects identified for providing supply chain infrastructure *Following projects are eligible for only groups such as FPOs, PACS, SHGs, JLGs, Cooperatives, National and State Level Federation of Co-operatives, FPOs federations, Federations of SHGs, National and State Level Agencies as they qualify as community farming assets Hydroponic Farming Mushroom farming Vertical farming Aeroponic farming Poly house/ Greenhouse Logistics facilities (including non-refrigerated/insulated vehicles) Tractors Note 1: Solarization of any of the eligible infrastructure can also be financed under AIF.Note 2: Digital Connectivity and optic fiber infrastructure shall be eligible investment as part of development of the aforementioned eligible projects.
HPSCB Loan : Documents required Application through Online mode Passport size photographs of the promoter/partners/director Identity proof & address proof Income Tax Return for last three years, If available. Audited Balance Sheet of last 3 Years, if available. GST Certificate, if applicable. Land ownership records – title deed/lease deed. If applicable, then Permission to mortgage the Immovable Property from the Lessor in case the Property is Leasehold (for primary security) ROC Search Report of the Company KYC documents of the promoter/firm/company Copy of Bank Statement for last one year (If available) Repayment track record of existing loans (Loan Statement) Net Worth Statements of promoter Detailed Project Report As applicable - Local authority permissions, Layout plans/estimates, Building sanction
