Description : This scheme by the Ministry of Agriculture provides financing from banks and financial institutions as loans to PACS, Cooperative Societies, Farmer Producers Organizations(FPOs), Self Help Group (SHG), Agri-entrepreneurs, Startups, etc. which will have interest subvention/subsidy of 3% per annum on loans up to a limit of Rs. 2 crore, as well as credit guarantee coverage for a loan amount upto Rs. 2 crore, with guarantee fee paid by the government. The subsidy will be available for a maximum period of 7 years, including moratorium period of 6 months to a maximum of 2 years.

The scheme will facilitate setting up and modernization of key elements of the value chain including:

1. Post Harvest Management Projects like Supply chain services including e-marketing platforms, Warehouses, Sorting &grading units, Cold chains, Logistics facilities, Primary processing centres, Ripening Chambers, etc.

2. Viable projects for building community farming assets including Organic / Bio stimulant production units, Projects identified for providing supply chain infrastructure for clusters of crops including export clusters, etc.Eligibility : 1. What is your Enterprise Legal Identity? Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations(FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups and Central/State agency or Local Body sponsored Public Private Partnership Projects.

3. Eligible businesses Post Harvest Management Projects like: Supply chain services including e-marketing platforms, Warehouses, Silos, Pack houses, Assaying units, Sorting & grading units, Cold chains, Logistics facilities, Primary processing centers, Ripening Chambers Viable projects for building community farming assets including – Organic inputs production, Bio stimulant production units, Infrastructure for smart and precision agriculture, Projects identified for providing supply chain infrastructure for clusters of crops including export clusters, Projects promoted by Central/State/Local Governments or their agencies under PPP for building community farming assets or post harvest management projects.

4. Scheme is centrally available

5. PACS who have adopted digitization for handling its operations will be given preference under this scheme.Process : 1. Visit the AIF portal- https://agriinfra.dac.gov.in/Home/BeneficiaryRegistration. Register with mobile phone number and Aadhar number to receive an OTP to generate your login credentials.

6. Thereafter, you can apply for loan by filling an application form available on the portal and uploading a copy of Detailed Project Report (DPR).

7. You can either make a DPR yourself based on model DPRs given on AIF portal or you can avail the services of a Chartered Accountant/ Financial Expert who will prepare one for you. You can use any format for your DPR, provided it has all the necessary information required- Applicant’s details, Constitution of applicant e.g individual/ firm/ company/ FPO/ SHG/ cooperative society etc., Details of activity proposed with process flow chart, raw material, end product, Project cost breakup, Means of finance ( owner’s contribution, term loan, subsidy if any, unsecured loans), Revenue projections for next five years, Plant and machinery details.

8. This application will be verified by Central PMU at Ministry and will then be automatically received by the lending institution opted by you on the portal.

9. The lending institute will appraise the project and decide whether to sanction the loan or reject the application based on viability of project.

10. After the disbursal of loan, interest subvention and credit guarantee fee will be released by GOI to the lending institution based on the claim submitted by them. After receipt of the claimed amount from Ministry, the same is credited to your loan account by the banks.

11. Minimum owner’s contribution required is 10% of fixed project cost.

Loan application process video- https://agriinfra.dac.gov.in/Content/video/Agri_pro_English_6.mp4, https://agriinfra.dac.gov.in/Content/video/Agri_pro_Hindi_6.mp4 Application update will be received by SMS. For queries or changes in application- shubham.sharma@nabcons.in Frequently Asked Questions- https://agriinfra.dac.gov.in/Home/FAQs https://agriinfra.dac.gov.in/Home/ContactUsBenefit : Interest subsidy of 3% per annum upto Rs. 2 crore and credit guarantee upto Rs. 2 crore on loans taken for post harvenst management activities for 7 years period