APMC: Agricultural Infrastructure Fund Loans to Increase APMC



NEW DELHI: In a decision to reinforce its pledge that new agricultural laws will not lead to the dismantling of the mandis, Cabinet on Thursday approved changes to financing under the Agricultural Infrastructure Fund to be used to strengthen government-regulated agricultural markets.
The fund has a purse of Rs 1 crore to finance various infrastructure works related to the farm through simple and low interest loans up to Rs 2 crores under an “interest subsidy” scheme. The move came at a time when the Center renewed its call for campaigning farmers’ unions to return to the negotiating table, even if it ruled out repealing the laws.
As a result of the changes, eligibility has been expanded to include Government Agencies / APMCs, National and State Federations of Cooperatives, Federations of Producer Farmers Organizations (FPOs) and Self-help group federations (SHG). If the relevant organization takes over projects in different locations, all such efforts will be eligible for an “interest subsidy” for loans up to Rs 2 crore. However, for a private sector unit, there will be no more than 25 such projects.
“For APMC, a loan interest subsidy of up to Rs 2 crore will be provided for each project with different types of infrastructure such as cold rooms, sorting, sorting and analytical units, silos, etc. Within the same marketplace, ”the official statement said. on the go of the Cabinet.
Welcoming the move, taken at the first meeting after the expansion of the cabinet, Interior Minister Amit Shah said that Modi The government is committed to agriculture and farmer prosperity. He said this historic decision is a reflection of the government’s determination to further strengthen APMC system. “This decision will not only enhance the capabilities of APMC, but it will also increase employment opportunities and benefit more and more people,” said Shah, who was also appointed minister of the newly created ministry of cooperation.
The decision to authorize the use of this fund for APMC is also a signal to protesting farmers that the mandis and the mechanism for the purchase of crops at the minimum support price (MSP) will not end, as farmers feared, after the adoption of new farm laws.
Highlighting how the Center intends to strengthen the mandi and procurement system, Agriculture Minister Narendra Singh Tomar said the government intends to reform the agricultural sector so that farmers across the country benefit from it. After allaying fears of farmers campaigning for the repeal of three agricultural laws, Tomar said his ministry’s proposal to reopen negotiations with farmers’ unions remains in effect, as he has stated on several occasions, provided that unions do not push for the abolition of farm laws.
The Cabinet of Ministers also approved the Coconut Amendment. Board A law allowing unofficial persons such as farmers’ representatives to chair the Council.


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