Subsidy on Agri Business: The Modi government is constantly making efforts to double the income of farmers by the year 2022. Earlier, many laws related to agriculture were also changed by the government. After this, agro-based business has become easier in the country.
So, if you too want to take advantage of this, then you can take a loan of up to Rs 20 lakh from the government and can start your work. It is to be noted that the government is providing help to those who want to do their business fiercely. Let’s now understand what is the loan scheme?
Loan scheme by government:
The government is giving subsidy ranging from 36% to 44% on this loan. Therefore, if you too want to start your business, then you can take advantage of this government loan. Interested people can get this loan very easily, along with many subsidies.
Features of loan scheme:
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Efforts are being made to promote and do a profitable agriculture business.
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If you want to start a business related to agriculture, then this scheme will be of great use to you.
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Under this, the government will give you a loan of up to Rs 20 lakh.
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This money will be given through the Agri Clinic and Agri Business Center Scheme.
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Those joining this scheme will also be given 45 days training.
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After this, if you are found eligible, you will get a loan through NABARD.
Objectives of loan scheme:
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This loan aims to fulfil the objective of Modi government to double the income of farmers.
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Through this, the demand for agricultural products will increase.
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If the youth who have studied agriculture and want to do business, then this loan scheme will help in starting a business.
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The repayment period for this loan has been fixed at 15 years.
How to get this loan from NABARD?
To take advantage of this scheme, first, you have to choose your nearest college for training. Please note that these training centers have been linked with the National Institute of Agricultural Extension Management, Hyderabad, an organization of the Ministry of Agriculture, Government of India. These institutes work under the Ministry of Agriculture.
After your training is complete, the process of giving loan from NABARD to start a business related to agriculture will be started.
Availability of subsidy:
After training is completed, the applicants will be given full support to take loans from NABARD for starting a business related to agriculture. To start the agri business, a loan of up to Rs 20 lakh is given to the applicants (entrepreneurs) and up to Rs 1 crore to a group of five individuals. If subsidy is concerned, then 36% subsidy is given to the general category applicants. Adding to it, SC, ST and women applicants can get subsidy up to 44%.
Toll Free Helpline Number to get more details on loan scheme: 1800-425-1556 and -9951851556.
