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VENTURE CAPITAL FOR AGRIBUSINESS PROJECTS
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Small Farmers’ Agribusiness Consortium, Ministry of Agriculture, is implementing the schemes of project development facility and venture capital assistance for development of agribusiness in the country in association with commercial banks.
Highlights
1. Venture Capital: To promote private investments in agri-business projects engaged in value addition of crops with the participation of commercial banks and state level SFAC’s.
1. Equity participation in agribusiness projects upto 10% of the total
project cost, or 26% of the total project equity or Rs.75 lakhs whichever
is lower.
2. In special cases, higher amount of venture capital assistance can be
considered
for value addition for agribusiness projects located in hilly
and North
Eastern States agencies/ State SFAC’s.
2. Project Development Facility (PDF) : To provide financial assistance to agripreneurs, farmers and Producer Groups for the preparation of bankable Detailed Project Reports (DPR) on a case to case basis.
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3. Eligibility Criteria for funding
- Value addition projects should be in agriculture or allied sector like horticulture, apiculture, medicinal and aromatic plants, spices, cashew nut, coconut and fisheries etc. excluding poultry and dairy projects.
- Project should provide assured market to farmers/ producer groups.
c) Cost of proposed projects must be of Rs. 50 lakhs in general and Rs. 25 lakhs in case of NE states and other hilly areas.
d) Project must encourage farmers to diversify into high value crops, to increase farm incomes.
- Project should be accepted by banks for grant of term loan.
4. Memorandum of Understanding (MOU)
signed with Commercial Banks for smooth implementation of the scheme.
Oriental Bank of Commerce, UCO Bank, Bank Of Baroda, Punjab National Bank, Central Bank of India, Allahabad Bank, Canara Bank, Vijaya Bank, The Jammu & Kashmir Bank Ltd, Bank of Maharashtra, United Bank of India, Syndicate Bank, State Bank of India, State Bank of Bikaneer & Jaipur, Indian Bank, State Bank of Saurashta, State Bank of Patiala, Bank of India, Dena Bank and Union Bank of India.
5.State level SFACs
Aruanachal Pradesh SFAC (0360-2203220), Assam SFAC (0361-2333560), Bihar SFAC(0612-2226921), Himachal Pradesh SFAC (0177-2623811), Jharkhand SFAC (0651-2490578), Karnataka SFAC(080-26576950), Kerala SFAC(0471-2322109), Madhya Pradesh SFAC(0755-2551807), Maharashtra SFAC(020-25534349), Manipur SFAC(0385-2450515), Meghalaya SFAC(0364-2227434), Mizoram SFAC(0389-2314370), Nagaland SFAC(0380-2270242), Punjab SFAC(0172-2657472), Rajasthan SFAC(0141-2227914), Sikkim SFAC(03592-231865), Tamil Nadu SFAC(044-22347484), Tripura SFAC(0381-2224739), Uttar Pradesh SFAC(0522-2236441/2205865)and Uttaranchal SFAC(0135-2712001).
Nodal Agencies
Gujarat Agro Industries Corporation Ltd. (079-27542481), Jammu & Kashmir State Agro Industries Development Corporation Ltd. (0194-2312226), Horticulture Department Government of Andhra Pradesh (040-23240124) and The Agricultural Promotion and Investment Corporation of Orissa Ltd.(0674-2561203)
6.Operational Guidelines of the Scheme can be obtained from the office of Small Farmers’ Agribusiness Consortium or download from
http://www.sfacindia.com
For more details contact
Small Farmers' Agri-business Consortium
NCUI Auditorium Building, 5th Floor,
3, Siri Institutional Area, August Kranti Marg,
Hauz Khas, New Delhi – 110016
Ph. 26966017/37 Fax : 91-11-26862367
www.sfacindia.com
Regional Office
Small Farmers Agribusiness Consortium
3rd Floor, Jain Complex, 3rd Floor, G.S. Road,
Near Dispur Old Post Office,
Guwahati. – 781005, Assam
Ph. 0361-2595410
Tele/Fax No. 0361-2340337
Email: sfacroghy@sify.com
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