The Union Agri. Infrastructure Fund Scheme is a government-backed initiative aimed at developing agriculture infrastructure in rural areas of India. It provides financial assistance to eligible entities for the establishment of agriculture infrastructure facilities such as cold storage, warehouses, packhouses, and agri-processing units.

Any eligible entity engaged in the agriculture sector, such as farmers, entrepreneurs, partnership firms, companies, cooperatives, and agriculture infrastructure providers, can apply for the Union Agri. Infrastructure Fund Scheme.

The maximum loan amount under the Union Agri. Infrastructure Fund Scheme is Rs. 100 crores per project, subject to the viability and feasibility of the project.

The repayment period for loans availed under the Union Agri. Infrastructure Fund Scheme is up to 7 years, including a moratorium period of up to 2 years.

The interest rate charged on loans availed under the Union Agri. Infrastructure Fund Scheme is subject to change as per the prevailing market conditions and is determined by the bank.

The documents required to apply for the Union Agri. Infrastructure Fund Scheme may vary depending on the nature and size of the project. Generally, the following documents are required: project report, land documents, financial statements, KYC documents, and any other document as required by the Bank.

You can apply for the Union Agri. Infrastructure Fund Scheme by visiting your nearest Union Bank of India branch and submitting the required documents along with the loan application form.

The time taken for loan approval under the Union Agri. Infrastructure Fund Scheme may vary depending on the nature and size of the project. Generally, it takes between 4 to 6 weeks for loan approval, subject to the completeness of the loan application and supporting documents.