NEW DELHI: The Central government has received proposals envisaging an investment of Rs 23,000 crore under the Agriculture Infrastructure Fund or AIF, Union Minister for Agriculture and Farmers Welfare Narendra Singh Tomar said in a statement on Friday.

The Agriculture Infrastructure Fund set up in 2020 aims at providing a medium-long term debt financial facility till 2025-26 for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support.

Agriculture Infrastructure Fund with a corpus of Rs 1 lakh crore will be disbursed through loan by 2025-26, ministry officials had said earlier.

"Thus far, we have received proposals worth Rs. 23,000 crore, of which the proposals worth Rs. 13,000 crore is under consideration, Narendra Singh Tomar said while briefing about the outcome of the two-day National Conference of State Agriculture and Horticulture Ministers in New Delhi.

The union minister said this fund will be given as a loan to the interested people with "impressive proposals".

Further, the Union Minister for State for Agriculture and Farmers Welfare Shobha Karandlaje said the loan will be given at a minimal interest rate of three per cent.

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