Agri Market Infrastructure Fund

The Government of India has created a new project with NABARD and approved an amount of Rs. 2000 crore, and the project is known as AMIF. The project aims to develop and upgrade the infrastructure of agriculture and marketing in more than 585 APMCs and 10,000 GrAMs. The project was initiated back in 2018-2019 in the meeting of the Union Budget. The main purpose of the development involves transforming the rural “haats” of the villages to modern markets, also known as “GrAMs”. This modern marketing will provide several benefits such as enhanced accessibility, equality, fair price distribution. Lastly, the market will enable direct marketing, and the farmers can sell their products directly to the consumers. 

What is an Agri Market Infrastructure Fund ? 

In India, more than 80% of village farmers are quite marginal and small, and they are unable to sell their products directly in the wholesale markets and mostly rely on third-party vendors. Hence, the AIMF project is developed to support the farmers and transform the regular habits of the village into modern marketing. Another objective of AMIF is to create high storage with technologically advanced facilities where the farmers can store their agriculture products. 

The Government of India has created a new project with NABARD and approved an amount of Rs. 2000 crore, and the project is known as AMIF. The project aims to develop and upgrade the infrastructure of agriculture and marketing in more than 585 APMCs and 10,000 GrAMs. The project was initiated back in 2018-2019 in the meeting of the Union Budget. This modern marketing will provide several benefits such as enhanced accessibility, equality, fair price distribution. Lastly, the market will enable direct marketing, and the farmers can sell their products directly to the consumers. 

Agri Market Infrastructure Fund

The AMIF project has enhanced productivity and the capacity of the new generation. The project was planned for 2018-2019; however, it was launched on August 9th, 2020. Based on the article objectives of the project included: 

• Production units for organic input
• Production units for bio stimulant
• Innovation of supply chain along with e-marketing
• Improvement of logistics services 
• Improvement of warehouses, storage units, ripening chambers.

Furthermore, the article highlighted the steps taken by the Government to make the project successful. India’s Government has launched a new scheme that will overlook the fair price distribution on the rural markets. Furthermore, the Government initiated multiple projects that helped bring marginal and small-scale farmers into the wholesale market. In addition, technologically advanced storage units were built to store their excess agricultural products. Lastly, most of the improvements and contributions were made in Odisha. 

The project’s main benefits involve a better life for the farmers, as they can directly sell their agricultural products to the consumers and have storage spaces so the products will no longer be wasted. In India, more than 80% of village farmers are quite marginal and small, and they are unable to sell their products directly in the wholesale markets and mostly rely on third-party vendors. Hence, the AIMF project is developed to support the farmers and transform the regular haats of the village into modern marketing. Another objective of AMIF is to create high storage with technologically advanced facilities where the farmers can store their agriculture products. Furthermore, the Government initiated multiple projects that helped bring marginal and small-scale farmers into the wholesale market. In addition, technologically advanced storage units were built to store their excess agricultural products. Lastly, most of the improvements and contributions were made in Odisha. 

Conclusion

This project of the Indian Government is quite innovative and beneficial for both the farmers and the Government. As from this project, the Government can transform the rural haats into modern GrAMs with modern marketing. Another objective of AMIF is to create high storage with technologically advanced facilities where the farmers can store their agriculture products. India’s Government has launched a new scheme that will overlook the fair price distribution on the rural markets. Furthermore, the Government initiated multiple projects that helped bring marginal and small-scale farmers into the wholesale market. Technologically advanced storage units were built to store their excess agricultural products.