CAPITAL INVESTMENT SUBSIDY SCHEME FOR COMMERCIAL PRODUCTION UNITS OF ORGANIC INPUTS UNDER NATIONAL PROJECT ON ORGANIC FARMING

Purpose

This scheme is to promote organic farming in the country on a large scale. Under this scheme manufacturing of organic inputs such as bio-fertilizers, fruit and vegetable waste compost are considered.

Who are eligible for the loan

Individuals, group of farmers/growers, proprietary and partnership firms, cooperatives, fertiliser industry, seed industry, Companies, Corporations, NGOs are eligible New as well as existing units (for expansion / renovation) engaged in the production are eligible under the scheme.

Loan amount

For Biofertilizers -Biopesticides Production Unit

  • Owners Contribution 25-33%

  • Subsidy from Government of India subject to the maximum ceiling 25%

  • Bank Loan 42-50%

For Fruits and Vegetable Market Waste Compost Unit

  • Owners contribution 25-33%

  • Subsidy from Government of India subject to the maximum ceiling 33%

  • Bank loan 34-42%

Cost of the project depends on the location, capacity, technology, invoice prices etc

SECURITY

Security will be as per norms prescribed from time to time.

How to repay the loan?

Repayable in 10 years, with a grace period of 2 years.

How to apply for this loan?

You may contact our nearest branch or even talk to the marketing officers visiting your village.