A new campaign for banks under Agri Infra Fund launched: Manoj Ahuja (Secretary, Ministry of Agriculture) launched a month-long campaign for banks under Agri Infra Fund, starting on July 15-August 15, 2023.
Daily Current Affairs Quiz: July 2023
This one month-long Campaign (from 15th July 2023 to 15th August 2023) with a target of Rs 7200 crore was launched through Video Conference attended by more than 100 Banking Executives that included MDs/Chairman, EDs of commercial Banks in public and private sector, Regional Rural Banks, Small Finance Banks, NBFCs and select cooperative Banks.
- Title of the campaign: BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation)
- Target: Rs 7,200 Crore
- Aim: To promote Rs 1 lakh crore Agriculture Infrastructure Fund (AIF) for the creation of necessary infrastructure in the farm sector.
The AIF is a financing facility launched on July 8, 2020.
In his welcome address, he complimented the Banks for their active involvement and support to promote this Scheme which has resulted in creation of more than 31, 850 agri infra projects in the country with Rs 24750 crore as loan amount under AIF with an outlay of Rs 42,000 crores.
