Context: The Cabinet Committee of Economic Affairs has given its approval for the creation of a corpus of Rs. 2000 crore for Agri-Market Infrastructure Fund (AMIF).
About Agri-Market Infrastructure Fund (AMIF):
- The fund will be created with NABARD for development and up-gradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets.
- AMIF will provide the State/UT Governments subsidized loan for their proposal for developing marketing infrastructure in 585 Agriculture Produce Market Committees (APMCs) and 10,000 Grameen Agricultural Markets (GrAMs).
- States may also access AMIF for innovative integrated market infrastructure projects including Hub and Spoke mode and in Public Private Partnership mode.
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