The Agri Infra Fund (AIF) has sanctioned the first ever drone loan for a Kisan drone manufactured by Chennai-based Garuda Aerospace.
AIF functions under the Ministry of Agriculture and Farmers Welfare and has spearheaded many schemes that are farmer-centric. Its Joint Secretary Samuel Praveen Kumar said, “The advanced Agri Drone manufactured by Garuda Aerospace and its unique affordable service model will motivate thousands of drone service providers to avail these Kisan drone loans in quick time.” He added, “AIF has a target to facilitate loans up to ₹1 lakh crore into the Agri Infra ecosystem and recently we crossed ₹10,000 crore”.
After receiving the loan, the beneficiary Ram Kumar, one of the 25 drone service providers, said, “Kisan drones cover 25 acres per day for precision spraying operations, save pesticide usage by 70%, save water usage by 80% and I’m generating ₹1 lakh a month in revenue.”
