Ø      Eligibility :

à  Graduates in Agriculture and Allied subjects like horticulture, animal husbandry, forestry, dairy, veterinary, poultry farming, pisciculture and other allied activities, etc.

Ø      Objective :

à  To supplement the existing extension network of Government system in accelerating the process of technology transfer to Agriculture.

à To make available supplementary sources of input supply and services to needy farmers.

Ø      Amount of Loan :

à  The project can be taken up wither individually or on Joint/Group basis.

à  The ceiling for the project cost by individual be Rs.10 lakhs and for the group at Rs.50 lakhs (@ Rs.10 lakhs per member of the group)

Ø      Rate of Interest :       

à     Repayment upto 36 months

       < Rs. 0.50 lakhs                                 @ BPLR -2.50% (10.00%)

Rs.0.50 – Rs.2.00 lakhs                      @ BPLR -1.00%(11.50%)

Rs.2.00 lakhs – 5.00 Lakhs                  @ BPLR +0.50%  (13.00%)

> 5.00 Lakhs                                    @ BPLR +1.00 %( 13.50%)

à     Repayment above 36 months

        < Rs. 0.50 lakhs                                 @ BPLR+TP -2.50% (10.50%)

Rs.0.50 – Rs.2.00 lakhs                       @ BPLR +TP-1.00%(12.00%)

Above Rs 2.00-5.00 Lakhs                    @ BPLR+TP+0.50% (13.50%)

> 5.00 Lakhs                                     @ BPLR+TP+1.00%(14.00%)       

Ø      Margin :

à  15% of the project outlay

à  Relaxation granted for innovative projects.

Ø      Security :

Ø      Limits upto Rs.5 lakhs.
à     Assets created out of Bank loan, third party guarantee and mortgage of properties, wherever available  

Ø      Limits above Rs.5.00 lakhs
à     Assets created out of Bank loan, third party guarantee, Mortgage of Properties covering atleast 100 % of the loan exceeding Rs.2.00 lakhs (other than the assets created out of the bank loan)

 

  Ø      Repayment :

à  Repayment programes taking into account the income generation, economic life of the asset, etc.

à  Loan period between 5 to 10 years including grace period of a maximum of 2 years depending on the activity.

Ø      Margin Money assistance from ‘ Soft Loan Assistance Fund’ of NABARD :

à  A maximum of 50% of the margin prescribed by banks, to meet the shortfall in borrower’s contribution, if any, where the bank is satisfied that the prospective borrower is unable to meet the margin money requirements, could be given by NABARD.

Ø      Subsidy :

à  25-33.33 % of the capital cost of the project funded through bank loan

à  Interest subsidy for a period of first two years of the Bank loan sanctioned as per the net balance outstanding balance in the account.