Assistance under the Scheme will be available to Individuals; Farmers; Producer Groups; Partnership/Proprietary Firms; Self Help Groups; Companies; Agripreneurs; units in agriexport zones, and Agriculture graduates Individually or in groups for setting up agribusiness projects. For professional management and accountability the groups have to preferably form into companies or producer companies under the relevant Act.
The Scheme will be implemented during 2012-17 in the XII Plan with a central assistance of `500.00 Crores
Interest Free Loan tenure of Term Loan from Financial Institution 26% of Promoters equity
Max upto Rs. 50 lacs and Project Cost upto 5 crore
1 Single Installment
(Venture Capital Assistance to be Repaid after tenure to Term Loan Ends)
(i) Project should be in agriculture or allied sector or related to agricultural services. Poultry and dairy projects will also be covered under the Scheme.
(ii) Project should provide assured market to farmers/producer groups.
(iii) Project should encourage farmers to diversify into high value crops, to increase farm incomes.
(iv) Project should be accepted by Notified Financial Institution for grant of term loan
All Notified Financial Institutions notified by the Reserve Bank of India where the ownership of the Central/State Government is more than 50% such as nationalised banks, SBI & its Subsidiaries, IDBI, SIDBI, NABARD, NCDC, NEDFi, RRBs & State Financial Corporations.