Agricultural Innovation Centre (AIC), Priority Credit Wing, was established in the year 1988 as a specialized cell for assessing the viability of Agro based projects and to provide consultancy services to the entrepreneurs in Agricultural sector. The section is equipped with well-trained agricultural graduates having good knowledge and experience in the field of project appraisal.
The project reports prepared by Agricultural Innovation Centre are accepted by all the major banks and financial institutions.
AIC is not only involved in Project Appraisal but has also taken initiatives in identifying Agricultural clusters and formulating Area Specific Schemes which are having high potential to absorb bank credit.
Since inception AIC has handled over 1700 projects involving an outlay of more than Rs. 8300 crores in the following Sectors:
Cold chain and Cold Storage
Soil Conservation and watershed development
Plant Tissue Culture and Agri biotechnology
Production of bio-pesticide, bio-fertiliser & vermi composting
Food and Agro Processing Industries
Fruits and Vegetables processing
Meat and Poultry Processing
Fish and Shrimp Processing