Beti Bachao Beti Padhao

Financing For Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates

Financing For Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates
Type of FacilityTerm Loan (TL)
Purpose
  • Setting up of Agri Clinics
  • Setting up of Agri Business Centers
Eligibility
  • The scheme is open to following categories of candidates of age group of 18 to 60 years
  • Graduates in agriculture and allied subjects from State Agriculture Universities (SAUs)/Central Agricultural Universities/Universities recognized by ICAR/UGC. Degree in Agriculture and allied     subjects offered by other agencies are also considered subject to approval of Department of Agriculture & Cooperation, GoI, on recommendation of the State Government
  • Diploma (with at least 50% marks)/Post Graduate Diploma holders in Agriculture and allied subjects from State Agricultural Universities, State Agriculture and Allied Departments and State Department of Technical Education.
  • Diploma in Agriculture and allied subjects offered by other agencies are also considered subject to approval of Department of Agriculture, Cooperation & Farmers’ Welfare, GoI on recommendation of the State Government
  • Biological Science Graduates with Post Graduation in Agriculture & allied subjects
  • Degree courses recognised by UGC having more than 60 percent of the course content in Agriculture and allied subjects
  • Diploma/Post Graduate Diploma courses with more than 60 percent of course content in Agriculture and allied subjects, after B.Sc. with Biological Sciences, from recognised colleges and universities.
  • Agriculture related courses at Intermediate (i.e. plus two) level, with at least 55% marks.
Amount
  • Individuals: Maximum Rs 20 lakh,
  • Group (5 members) : Maximum Rs 100 lakh
Margin
  • Limit up to Rs 5.00 lakh: NIL
  • Limit above Rs 5.00 lakh:15% to 25%
(However, concessions will be available to SCs / STs, women and beneficiaries of North Eastern states, Hill areas)
Rate of Interest
Slab-wise ROI for exposures upto Rs.25.00 lakh-

I) For Activities which does not fulfill MSMED Act Norms (MCLR Based): 1 Year MCLR+BSS @ 0.50% + Spread @ 2.10
II) For activities which fulfills MSMED Act Norms (RLLR) Based: Without Collateral Concession : RLLR+ 2.50 + BSS @ 0.50%

Slab-wise ROI for exposures more than Rs.25.00 lakh- As per Risk Base Prising
Security
  • Limit upto Rs 5.00 Lakh:
    1. Hypothecation of Assets created out of bank loan
  • Limit above Rs 5.00 Lakh:
    1. Hypothecation of Assets created out of bank loan
    2. Mortgage of land / other property.
Repayment5 to 10 years depending up on the cash flows
SubsidyCredit linked composite subsidy @ 36% of the capital cost of the project funded through bank loan is available from NABARD. This subsidy would be 44 % in respect of candidates belonging to SC, ST, Women and other disadvantaged sections and those from North-Eastern and Hilly States.  
Other Terms & ConditionsApplicant should complete training programme conducted by National Tanning Institute approved by MANAGE
Paper requirement
  1. Loan application ie Form No -138, & Enclosure – B2
    • All 7/12, 8 A, 6 D extracts, Chatu Sima of the applicant
    • No dues certificates of the applicant from surrounding financial institutions including PACS
    • Legal search from advocate on Bank’s panel for loans above Rs.5.00 lakh where land is to be mortgaged
    • Price quotations/ Plan estimates / Permissions etc. depending up on the purpose of loan
  2. Guarantee form F-138
    • All 7/12, 8 A & PACS dues certificate of the guarantors
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