IDFC FIRST Bank

What is the Agriculture Infrastructure Fund (AIF) scheme?

The Agriculture Infrastructure Fund (AIF) is a medium-to-long-term debt financing facility launched by the Government of India. Operated by the Department of Agriculture and Farmers Welfare (DA&FW), the Agri Infra Fund scheme aims to provide a financing facility of ₹1 lakh crore through banks and financial institutions till 2025-26, with interest subvention and credit guarantee support extending until 2032–33.

The scheme finances viable projects for post-harvest management infrastructure and community farming assets, aiming to reduce post-harvest losses and improve value realisation at the farm-gate and aggregation level.

IDFC FIRST Bank and Agriculture Infrastructure Fund Scheme

The Agriculture Infrastructure Fund Scheme enables farmers, agri-entrepreneurs, and farming collectives to build post-harvest infrastructure and community farming assets across India. IDFC FIRST Bank is a participating lending institution under this Central Sector Scheme.

Which are the projects eligible under the Agriculture Infrastructure Fund (AIF) scheme?

Eligible projects under the Agriculture Infrastructure Fund scheme fall under two broad categories:

Warehouses and silos

Packaging units, cold chain infrastructure, and logistic facilities (including reefer vans and refrigerated containers)

Sorting, grading, and assaying units

Ripening chambers and waxing plants

Primary processing centres: dal mills, atta chakkis, oilseed expellers, paddy parboiling and milling units

Supply chain services, including e-marketing platforms integrated with e-NAM

Supply chain infrastructure for clusters of crops, including export clusters (hub and spoke model)

PPP projects promoted by Central, State, or Local Government agencies

Agri Inputs & Bio Products: Organic inputs (vermicompost), bio-stimulants

Smart Farming: Drones, IoT, AI, GIS, weather tech, advisory & blockchain

Controlled Farming: Polyhouse, hydroponics, vertical farming, mushroom

Planting Material: Nursery, tissue culture, seed processing

Mechanization: CHCs, tractors, harvest automation

Allied Activities: Sericulture, honey, spirulina

Storage & Logistics: Logistics infra, insulated transport, quarantine units

Renewable & PPP Projects: Solar (PM-KUSUM) & govt-led infra projects

Standalone secondary processing infrastructure is not eligible. Solarisation of any eligible infrastructure can also be financed under AIF. Digital connectivity and optical fibre infrastructure are eligible as integral components of approved projects.

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What is the maximum loan limit for collateral-free financing under the AIF scheme?

Credit guarantee coverage under CGTMSE is available for loans up to ₹2 crore, with the government bearing the guarantee fee. The interest subvention and credit guarantee apply only to the portion up to ₹2 crore per project, regardless of total loan size.

What is the interest subvention available under the Agriculture Infrastructure Fund?

You can open an IDFC FIRST Bank Savings Account via the online mode by visiting the Bank’s official website or mobile app. First, choose between the ₹10,000 Average Monthly Balance (AMB) or ₹25,000 AMB variant as per your needs. Next, fill out your details, submit your Aadhaar number and PAN, and complete the KYC verification. Setting up your Savings Account online with IDFC FIRST Bank is easy and seamless!

Is there any moratorium period for the AIF loan repayment?

IDFC FIRST Bank offers two types of Savings Accounts based on the AMB (Average Monthly Balance) requirements: one requiring ₹10,000 Average Monthly Balance (AMB) and the other requiring ₹25,000 AMB. These account types offer benefits like high interest rates, monthly interest credits, zero-fee banking, and easy access to digital banking features.

Based on the type of applicants, IDFC FIRST Bank also offers the following Savings Accounts:

• FIRST Power Women’s Savings Account – A savings account specifically designed for women that offers features like complimentary medical benefits through MediBuddy, discount on locker rentals, exclusive offers on Debit Card, monthly interest credits, and higher interest rates.

• Seniors Citizens Savings Account – This account is designed for seniors above the age of 60 years and comes with medical benefits through MediBuddy, ₹2 lakhs coverage against online fraud, 0.5% additional ROI on FD and free doorstep banking.

• Minor’s Savings Account - Designed for minors, this account can be opened jointly with parents or guardians. Also, minors aged between 10 to 18 years can open a FIRST Prodigy Savings Account, a self-operated minor savings account that offers features like monthly interest credits, high daily debit limit of ₹40,000, education cover of ₹5 lakhs, and more.

Can a customer transfer dues to CreditPro Balance Transfer from Multiple Cards?

If you are applying for your first IDFC FIRST Bank unsecured credit card, you will get a credit limit as per our internal policies. If you already have an IDFC FIRST Bank unsecured credit card, your new credit card will also have the same credit limit. The credit limit, however, will be shared across all unsecured credit cards.

What does my credit score need to be?

Yes. You will earn:

10 reward points for incremental spends above ₹20,000 in a statement cycle and on your birthday.
5 reward points on spends up to ₹20,000 in a statement cycle.
3 reward points on Education, Wallet Load, Government, Rent and Property Management/Purchase transactions. 1 reward point on utilities and insurance transactions. Spends in these categories will not be considered for the 10X monthly milestone.
Reward points will not be given on spends converted to EMI, Cash Withdrawal, Fuel, Fee and Charges.
1 reward point is given for every ₹150 spent in a transaction. Value of 1 reward point is ₹0.25.

Why should you apply for a Credit Card at IDFC FIRST Bank?

Education, Wallet Load, Government, Rent and Property Management/Purchase transactions, Utilities, Insurance, EMI, Cash Withdrawal, Fuel, Fee and Charges. Only those transactions which are settled by the merchant before the statement generation will be considered. If a transaction is settled after the statement is generated, it will not accrue 10X rewards. Rewards for such transactions will be credited after the next statement generation.

What is a Credit Card limit?

The Ashva Credit Card provides the benefit of never-expiring reward points. The reward points remain valid till the credit card remains active.

What should I do when my Credit Card is lost?

The Ashva Credit Card comes loaded with benefits like discounts on 300+ brands, movie tickets, complimentary airport lounge access, etc. The full list of benefits is mentioned above. For brand offers, you can visit the offers website

What are the things you must know before applying for a credit card?

The Ashva Credit Card offers one of the lowest forex markups in the industry at just 1%. Spend seamlessly while travelling abroad as well as on international purchases made from India.

What are the dos and don’ts while using a credit card?

Yes, Ashva Credit Card offers:

4 complimentary visits per quarter to lounges and spas at airport terminals in India.
2 complimentary visits per quarter to lounges at foreign airports

The lounge benefit can be availed in the next calendar month on spending ₹20,000 or more in the current calendar month.

Use your credit card to access Indian airport lounges and the Dreamfolks Card to access spas and lounges at Indian and overseas airport terminals.

You can also book airport lounge and spa by clicking here.

I already have a credit card. Can I apply for another one?

You can activate your 1 Lounge/Spa benefit for the next calendar month by spending ₹20,000 or more in the current calendar month.
E.g. Meet spend criteria between 1st to 31st March to activate the benefit in April. To know how to book an airport lounge online, click here.

Can I avail of golf benefits on the Ashva Credit Card?

Yes. You can avail up to 2 rounds/lessons in a month. Each round/lesson is unlocked for every ₹20,000 spent in the previous statement cycle.

Can I use my credit card to withdraw cash at an ATM?

Yes, you can! All ATM cash withdrawals are interest-free for up to 48 days – in India or abroad. Cash withdrawal from ATMs outside India will attract a forex markup fee of 1% (+GST). Please keep in mind, however, that a Cash Advance Fee of ₹199/- + GST is applicable per transaction, irrespective of your location or the withdrawal amount. The maximum cash withdrawal limit per transaction is ₹10,000.

Will I be asked for my Credit Card PIN at every POS terminal, be it domestic or international?

For transactions in India, yes, you will be asked for a PIN for completing the transactions. However, outside India, you will be asked for the PIN only if the POS terminal is enabled for PIN authentication.

What is the annual milestone on the credit card?

On spending ₹8,00,000 or more in a card anniversary year, you will get 7,500 reward points. The reward points will be credited on payment of annual fee for the next year. Transactions on primary, add-on and associated FIRST Digital (UPI) Credit Card will be considered towards the milestone, including EMI transactions. Cash withdrawal, fee charges and EMI amortization will be excluded from the benefit.

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

What is the annual milestone on the credit card?

When will the reward points be credited?

The reward points will get credited upon statement generation.

What is the movie offer on the Ashva Credit Card?

Using the Ashva Credit Card, you get buy-one-get-one movie offer twice a month via Paytm Movies. You can get a discount of up to ₹400 on the second ticket.

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