The Government of India has launched the convergence module between the Agriculture Infrastructure Fund (AIF), Pradhan Mantri Micro Food Enterprises Upgradation Scheme (PMFME) and Pradhan Mantri Kisan Sampada Yojana (PMKSY).
Agriculture Infra Fund (AIF)
- Agriculture Infra Fund (AIF) is a scheme of the Ministry of Agriculture and Farmers Welfare launched on 8th July 2020.
- The financial facility scheme has been launched for creation of post-harvest management infrastructure and community farm assets, with benefits including 3% interest subvention and credit guarantee support.
- AIF scheme has the facility of convergence with any other scheme of State or Central Government.
Pradhan Mantri Micro Food Industry Upgradation Scheme (PMFME)
- The Ministry of Food Processing Industries has launched the Pradhan Mantri Micro Food Industry Upgradation Scheme (PMFME) on 29th June, 2020 under the Atma Nirbhar Bharat Campaign to enhance the competitiveness of individual micro enterprises.
- It will provide financial, technical and commercial assistance for up-gradation of micro food processing enterprises in the country.
- All the States/UTs have appointed nodal agencies for its implementation. Applications for credit-linked subsidies for individual enterprises are approved at the district level, while applications for clusters are approved at the state level/ MoFPI.
- Under PMFME scheme, 35% credit linked subsidy will be provided for setting up of micro food processing unit with a maximum subsidy limit of Rs 10 lakh and common infrastructure with a maximum subsidy of Rs 3 crore.
Pradhan Mantri Kisan Sampada Yojana
- Pradhan Mantri Kisan Sampada Yojana, a Central Sector Scheme of the Ministry of Food Processing Industries, is envisaged as a comprehensive package, which will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
- It is an umbrella scheme consisting of sub-schemes.
- Through this convergence, eligible beneficiaries receiving credit-linked subsidy under PMFME and PMKSY schemes can avail interest subvention at the rate of interest charged by the banks.
- The eligible AIF beneficiaries under PMFME can get the benefit of subsidy by applying in PMFME MIS portal.
- The process of obtaining 3% interest subvention has been made very simple, wherein the beneficiary can apply on the portal using the already approved DPR and acceptance letter under PMFME and PMKSY.
