Tamil Nadu has been allocated Rs.5,990 crore, accounting for around 6% of the Rs.1 lakh crore earmarked for the Agriculture Infrastructure Fund (AIF). As a part of Atmanirbhar Bharat Abhiyan economic package formulated by the Centre , the scheme is meant for giving loans to organisations working for agriculturists.
As per the circular isssued by the Union government's Department of Agriculture, Cooperation and Farmers Welfare(DAC&FW), the tentative allocation was decided on the basis of the ratio of the total value of the output of agriculture and allied sectors in the State to the GDP.
In the southern region, Andhra Pradesh will get the highest of Rs..6540 crores, followed by Karnataka-Rs.4525 crores, Telangana-Rs.3075 crores, Kerala-Rs.2520 crores and Puducherry-Rs.48 crores.
Funds can be drawn for post harvest management projects and those aimed at building community farming assets such as organic inputs and bio-stimulant production units. Loans will carry on a interest subvention of 3% upto a limit of Rs.2 crores. Participating institute will have to sign the memoranda of understanding with the National Bank for Agriculture and Rural Development and the DAC&FW.
A senior officer from the Union Ministry of Agriculture said that the new scheme is independent of the existing ones and it does not preclude its beneficiaries from getting covered under the old scheme.
Referring to the district level monitoring committees for implementation, P.R.Pandian, president of the Tamil Nadu Federation of All Farmers' Associations, says the representatives agriculturists should be involved even in the stage of planning distribution of assistance.