Small Farmers’ Agriculture-Business Consortium – Agriculture-Business Development investment
Ministry of agriculture
This scheme assists setting up of agribusiness ventures in close association with banks. It catalyses private investment in setting up of agribusiness projects thereby providing assured market to producers for increasing rural income and employment; strengthens backwards linkages of agri-business projects with producers; assists farmers, producer groups, and agriculture graduates to enhance their participation in value chain through project development facility; and arranges training and visits of agripreneurs setting up identified agri-business projects.
Venture capital assistance in the form of equity will be provided by Small Farmers’ Agriculture-Business Consortium (SFAC), to be converted into a term loan till the bank term loan is fully repaid.
Venture capital after it becomes term loan could be repaid to SFAC in lump sum or in four quarterly instalments together with interest at the same rate as the term loan.
Central Government of India
This scheme has been initiated to provide venture capital assistance in the form of equity, and arranges training and visits of agri-preneurs
Individuals, farmers, producer groups, partnership/propriety firms, Self-Help Groups, companies, agripreneurs, units in agriculture export zones and agriculture graduates individually or in groups are eligible.
SFAC will provide financial assistance up to a ceiling of Rs.5 lakh depending upon size, location, activity and coverage for preparation of bankable Detailed Project Reports through empanelled consultants/institutions. Assistance will also be provided to State SFACs for undertaking promotional activities for agri-business development.
This scheme will be implemented with the assistance of National Institute of Agricultural Marketing (NIAM), Jaipur; MANAGE, Hyderabad; federations of industry associations such as CII, FICCI, ASSOCHAM, Ph.D., State SFACs, SAUs and others to vigorously publicise the benefits of Venture Capital Assistance Scheme to prospective entrepreneurs and produce organisations.
How To Apply
A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.
To Agricultural MarketingAdviser/Joint Secretary (Marketing), Department of Agriculture & Cooperation, Krishi Bhavan, New Delhi – 110114 Or To Managing Director, Small Farmers Agri. Business Consortium (SFAC), 4, Siri InstitutionalArea, August Kranti Marg, New Delhi – 110016
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