Punjab tops Investments in Agro Processing and Infrastructure
Last Updated: 12 Jan 2025
Investments on Rise in Agro-processing and infrastructure Projects[1]
-- Primary processing e.g. spice processing, atta chakki, oil expeller, milling etc
-- Storage facilities e.g. Warehouses, cold stores, silos etc
-- Sorting and grading units, seed processing units etc
-- Crop residue management systems, compressed biogas plants etc
-- Solar pumps
Achievements
-- 9 of the Top 10 districts across India for Agri Infra Fund belong to Punjab[1:1]
-- Punjab is 1st in implementing Agriculture Infrastructure Fund scheme across India[2]
April 2022 - Jan 2024[3]
Punjab has sanctioned Total projects worth estimate ₹7,670+ crores
-- Total projects sanctioned: 20,024+
MoU with SIDBI[4]
-- Setting up of Automated beverage unit, Hoshiarpur
-- Chilli processing center, Abohar
-- Value added processing facility, Jalandhar
-- Ready-to-eat food manufacturing unit at Fatehgarh Sahib and other projects amounting to ₹250 crore
¶ Agriculture Infrastructure Fund
- AIF Scheme offers 3% interest assistance for up to 7 years on term loans for eligible activities[6]
- The maximum rate of interest that the banks can charge is 9% and the benefit can be availed for an amount up to Rs 2 Crores[6:1]
¶ Small Industries Development Bank of India (SIDBI)[7]
- SIDBI is MSME lender for Agro-processing and infrastructure
November 2023
- Committed Rs 250 crore for the 2023-24 fiscal year
- SIDBI has already received 4 detailed project reports (DPRs) with an investment of Rs 140 crore from Punjab government for setting up common facility centre for agro-processing
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