The Cabinet Committee on Economic Affairs (CCEA) has approved the creation of Agri-Market infrastructure fund (AMIF) for development and up-gradation of Gramin Agriculture Markets.
About:
Background: The Agri-Market Infrastructure Fund was announced in 2018 Budget.
Fund: A corpus of 2 thousand crore rupees will be created with NABARD.
Usage of Fund:
Developing and upgrading agricultural marketing infrastructure in the 22,000 rural markets, to be named as GrAMs (Gramin Agricultural Markets) and 585 APMCs.
Provide the state/UT governments subsidised loans for their proposal for developing marketing infrastructure in 585 Agricultural Produce Market Committees (APMCs) and 10,000 villages.
States can access AMIF for innovative integrated market infrastructure projects, including through public private partnerships.
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