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FAQs
What is AIF Loan Facility for Agriculture Spraying Drones?
The Agriculture Infrastructure Fund (AIF) is a government initiative offering medium- to long-term financial support for agricultural projects, including the adoption of advanced technologies like drones. Key Benefits for Farmers and Entrepreneurs: - Loan Amount: Up to ₹2 crores per drone unit (or as per project needs). - Interest Subvention: 3% interest subsidy on the loan for up to 7 years. - Repayment Tenure: Flexible repayment period with a moratorium of up to 2 years. - Collateral-Free Loans: Available under the CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) scheme. Eligibility Criteria: - Individual farmers, FPOs, PACS, startups, and agricultural entrepreneurs are eligible. - Projects involving agricultural modernization, sustainability, and innovation are prioritized.
What is SMAM Subsidy for Agriculture Drones?
The Sub-Mission on Agricultural Mechanization (SMAM) promotes the adoption of mechanized solutions, including drones, to enhance productivity and reduce operational costs in farming. Subsidy Details: - For Farmers: 40-50% subsidy on the cost of agriculture drones, with a maximum limit of ₹4 lakhs. - For Custom Hiring Centers (CHC): 40% subsidy for CHCs and cooperative societies for purchasing drones, up to ₹5 lakhs. - For SC/ST/Women Farmers: Enhanced subsidy of up to 50% of the drone's cost. - 50% Subsidy for Agriculture Graduates Eligibility: - Individual farmers, cooperative societies, CHCs, and agricultural startups. - Drones purchased must meet government standards and certifications.
Does the Government of India allow the use of drones for agriculture?
Yes, drones are encouraged for pesticide spraying, with support from the Ministry of Agriculture and Farmers Welfare.