CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION / RENOVATION OF RURAL GODOWNS
Purpose
This scheme is for creating scientific storage capacity in the rural
areas for storing farm produce ,thereby prevent distress sale of produce
by the farmers after harvest ,by promoting pledge financing and
marketing credit.
Who are eligible for the loan?
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Individuals / Farmers. quality cum inputs testing laboratories.
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Proprietary and partnership ferms.
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Co-operatives, Agro-processing co-operative societies.
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Companies.
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Corporations, Agro-Industrial corporations.
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Agricultural Produce Marketing Committees.
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Group of Farmers/Growers.
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NGOs
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Agro-Processing Corporations.
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Self Help Groups.
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Marketing Boards etc.
The godown can be constructed / located in any area outside the limits
of a Municipal Corporation area. Rural godowns located in Food Parks
promoted by Ministry of Food Processing Industries are also eligible.
Loan amount
Depending on the project cost. Maximum Project cost will be Rs 3000/-
to 4000/- per tonne capacity for construction and Rs 750/ per tonne for
renovation NABARD is providing back end subsidy for the projects
financed by the Banks ,depending on the location and capacity of the
godowns Bank will finance upto 75 % of the Project cost and upto 80% in NE states and hilly areas and SC/ST.
Security
Mortgage /charge of Land and godown
How do you repay
The loan should be repaid in 11 years, with a grace period of one
year. Subsidy will be adjusted/ credited as the final installments .
How to apply for this loan?
You may contact our nearest branch or even talk to the marketing officers visiting your village.
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