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 | | Link To: Farm Mechanization |
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| Agri Clinics /Business Centres |
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| Features | | | | Forms & Documents | | | | FAQs | | |
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| SCHEME FOR FINANCING SETTING UP OF AGRI-CLINICS/ AGRI-BUSINESS |
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What is Agri-clinics/Agri-business?
Agri-clinics or Agri-business are envisaged to provide expert services and advice to farmers on cropping practices, technology dissemination, crop protection from pests and diseases, market trends and prices of various crops in the market and also clinical services for animal health etc. which would enhance productivity of crops/animals. |
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For the development of Agri-business/Agri-clinic, finance set up scheme is available only for the below given model projects
- Soil, Water Quality and Input Testing Laboratory Service Centre.
- Plant Protection Service Centre.
- Vermi-composting Unit
- Horticulture Clinic and Business Centre.
- Agro service Centre - Farm Machinery.
- Agro service Centre- Farm Machinery and Primary Processing.
- Private Veterinary Clinic.
- Private Veterinary Clinic with Retail Outlet for Feed and Medicine.
- Private Veterinary Clinic with Small Dairy Unit.
- Private Artificial Insemination Centre.
- Eco-hatchery for Carp Seed Production and Extension Services.
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| Purpose:-
To provide finance to set up Agri-clinics/Agri-business centres as
- Agri-clinics are to provide expert services and advice to farmers on agriculture and clinical services for animal health.
- Agri-business centres are to provide input supply and farm equipments on hire to farmers.
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| Eligibility:- |
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| As per the scheme, only agricultural graduates or graduates in subjects allied to agriculture like Horticulture, Animal Husbandry, Forestry, Dairy, Veterinary, Poultry Farming, Pisciculture and other allied activities are eligible for this finance. |
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| Quantum of loan:- |
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| As per the scheme, 10 lakhs are available to individuals and 50 lakhs are provided to a group of five members. |
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| Margin:- |
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| Up to Rs.5,00,000/- - Nil
ABOVE RS.5,00, 000/- -10-15%
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| Security:- |
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| Up to Rs.5,00,000/ - No mortgage
Above Rs.5,00,000 - Mortgage of property and/or third party guarantee
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| Rate of Interest And Processing charges:- |
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| Please contact the nearest Union Bank branch for details |
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| Repayment Period:- |
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| The repayment period is from 5 to 10 years depending on the activity including a grace period of 2 years. |
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| Insurance:- |
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| All movables of the unit will be insured as per norms. Insurance of poultry birds is optional. The poultry borrower can contribute towards a separate risk fund in lieu with insurance . |
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| LIST OF DOCUMENTS |
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For loans upto Rs.5,00,000/- -- Hypothecation of vehicle/accessories, DPN.
For loans over Rs.5,00,000/- -- Mortgage of land, &/or third party guarantee in addition to above. |
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To download the application form, please click here
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| 1. Which projects will be considered for the loan disbursement? |
The model projects for this scheme are -
- Soil, Water Quality and Input Testing Laboratory Service Centre.
- Plant Protection Service Centre.
- Vermi-composting Unit.
- Horticulture Clinic and Business Centre.
- Agro service Centre - Farm Machinery.
- Agro service Centre - Farm Machinery and Primary Processing.
- Private Veterinary Clinic.
- Private Veterinary Clinic with Retail Outlet for Feed and Medicine.
- Private Veterinary Clinic with Small Dairy Unit.
- Private Artificial Insemination Centre.
- Eco-hatchery for Carp Seed Production and Extension Services.
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| 2. Is there any subsidy available? |
- Credit Linked Capital Subsidy by NABARD at the rate of 25% of the capital cost of the project funded through bank loan.
- In case of SC /ST, Women, other disadvantaged section, and those from NE and hilly areas, it would be at the rate of 33.33%.
- The subsidy will be back-ended with minimum three-year lock-in period and will be applicable only if all the repayments are made as per schedule.
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| 3. How will the candidates be selected? |
| Bank will do selection of candidates in consultation with Agricultural Universities/K.V.K.s, etc. in their area of operation, if necessary. |
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