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.
In the previous FY (2021-2022), AIC has handled 280 projects involving an outlay of Rs. 3496.81 Crores in the following sectors:
1.Farm Credit: Poultry Dairy Fishery Small Ruminants Poultry Bee-keeping Sericulture Horticulture Floriculture etc.
Ground mounted Solar Power Units (PM KUSUM)
2.Agriculture Infrastructure: Rural Godown Cold chain and Cold Storage Silos Market Yards Warehouses Soil Conservation and watershed development Plant Tissue Culture and Agri biotechnology Seed production Production of bio-pesticide, bio-fertiliser & vermi composting
Compressed Bio Gas (SATAT)
3.Ancillary Activities: Food and Agro Processing Industries Dairy Processing Fruits and Vegetables processing Meat and Poultry Processing Fish and Shrimp Processing
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