Agriculture Produce Market Infrastructure (APMC

Useful for : IBPS AFO, NABARD, FCI, JRF, SRF, NET 

Agriculture Produce Market Infrastructure

In News : Strengthening of Agriculture Produce Market Infrastructure

कृषि उपज बाजार के बुनियादी ढांचे को मजबूत करना

• Government of India has launched National Agriculture Market (e-NAM) Scheme on 14th April, 2016 with the objective of creating online transparent competitive bidding system to facilitate farmers with remunerative prices for their produce.
• .Under the e-NAM Scheme, Government is providing free software and assistance of Rs. 75.00 Lakh per mandi for related hardware including quality assaying equipments and creation of infrastructure like cleaning, grading, sorting, packaging and compost unit etc. 
• Interest Subvention: All loans under this financing facility have interest subvention of 3% per annum up to a limit of Rs. 2 crores. This subvention is available for a maximum period of 7 years. APMCs are eligible for multiple projects (of different infrastructure types) within their designated market area. In such cases, interest subvention for a loan up to Rs. 2 crores will be provided for each project of different infrastructure types e.g. cold storage, sorting, grading and assaying units, silos, etc. within the designated market area of the APMC.