Daily News Analysis » BHARAT Campaign under Agriculture Investment Fund

BHARAT Campaign under Agriculture Investment Fund

BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation ), a new campaign for banks under the Agriculture Infrastructure Fund, was launched by the Ministry of Agriculture & Farmers Welfare.

About Agriculture Investment Fund (AIF): 

    • It is a Central Sector Scheme that was launched in 2020.
    • Banks and other financial institutions will lend 1 lakh crore at an interest subsidy of 3% annually. 
    • It is for investments in financially sound projects for post-harvest management infrastructure and community farming assets.
  • Duration: For 10 years, FY2020 to FY2032. 

 

BHARAT Campaign:

  • BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation ), a new campaign for banks under the Agriculture Infrastructure Fund, was launched by the Ministry of Agriculture & Farmers Welfare.
  • It is a one-month-long campaign.It seeks to raise Rs 7200 crore.