The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal for the creation of a corpus of Rs. 2,000 crores for Agri-Market Infrastructure Fund (AMIF). It may be set up in NABARD for development and up-gradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets.

AMIF will provide the State/UT Governments subsidized loan for their proposal for developing marketing infrastructure in 585 Agriculture Produce Market Committees (APMCs) and 10,000 Grameen Agricultural Markets (GrAMs).  States may also access AMIF for innovative integrated market infrastructure projects including Hub and Spoke mode and in Public Private Partnership mode.  In these GrAMs, physical and basic infrastructure will be strengthened using MGNREGA and other Government Schemes.

After approval of the AMIF Scheme, the interest subsidy will be provided by DAC&FW to NABARD in alignment with annual budget releases every year up to 2024-25. The Scheme being demand driven, its progress is subject to the demands from the States and proposals received from them.