Real-time monitoring of Rs 1 lakh crore Agriculture Infrastructure fund in works

The government plans to review its newly launched Rs 1 lakh crore Agri Infrastructure Fund (AIF) after the disbursement of Rs 20,000 crore.

“The scheme, operational for 10 years, will be reviewed by the Department of Expenditure for evaluation and mid-course correction if required,” said a senior agriculture department official.

It will be monitored regularly through an online platform. All assets created under this scheme will be geotagged for effective real-time monitoring.

Under this scheme, disbursement is scheduled in four years, starting with sanction of Rs 10,000 crore in the first year and Rs 30,000 crore each in the next three financial years.

The government plans to develop an integrated monitoring system at district, state and national levels to monitor implementation of projects.

“An online platform will be made available in collaboration with participating lending institutions to provide information and loan sanctioning facility,” said the official. The official said the system will also provide benefits such as transparency of interest rates offered by multiple banks, scheme details including interest subvention and credit guarantee, minimum documentation, faster approval process and integration with other scheme benefits.

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