The maximum duration of the Agriculture Infrastructure Fund, including the moratorium period, is 10 years.
The Agriculture Infrastructure Fund is a financing facility launched by the Government of India to support the development of agricultural infrastructure in the country. It primarily focuses on funding projects related to infrastructure, including cold storage, supply chain services, and post-harvest management solutions to enhance the economic viability and quality of Indian agriculture.
Let's break down the given information step-by-step:
Duration : The scheme is designed to have a maximum availability period of 10 years. This time frame includes a moratorium period that borrowers can use to defer their principal repayment, allowing them to set up and stabilize their projects.
Purpose : The fund aims to attract investments in creating agricultural infrastructure by facilitating lending to agro-based enterprises. This initiative is expected to bolster productivity, reduce wastage, and democratize access to crucial post-harvest facilities.
Impact : By enabling farmers to build and enhance their technological and logistical capabilities, the fund aims to increase agricultural productivity, reduce wastage, and ultimately boost rural economic growth.
Therefore, the correct multiple choice option is 10 years . This period provides ample time for the execution and maturation of various agricultural projects, considering the specific needs of the sector.