GRAMIN BHANDARAN YOJNA - CAPITAL INVESTMENT SUBSIDY SCHEME FOR CONSTRUCTION / RENOVATION OF RURAL GODOWNS
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?
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.
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.
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.