As per the new guidlines issued by Govt of India,Ministry of Agriculture dated 30 sep, 2010. Agriclinic policy has gone a sea change and it now have more flexibility. Here are some salient point.
Eligibility Criteria
And there are many more . Please read the official document by clicking here
Eligibility Criteria
Objective of the scheme
To supplement efforts of public extension by necessarily providing extension and other services to the farmers on payment basis or free of cost as per business model of agricultural entrepreneur (agri-preneurs), local needs and affordability of target group of farmers
Eligibility criteria for candidates under ACABC Scheme
- Graduate in agriculture and allied subjects from SAUs/central Agricultural universities/universities recognized by ICAR/UGC. Degree holders in agriculture and allied subjects offered by other agencies are also eligible subject to approval of department of agriculture and cooperation, government of
India - Diploma (with at least 50% marks) /post graduate diploma holders in Agriculture and allied subjects from state agricultural universities, state agriculture and allied departments and state department of technical education, diploma holders in agriculture and allied subjects offered by other agencies are also eligible subject to approval of department of agriculture & cooperation, government of India on recommendation of the state Government.
- Biological science gradates with post graduation in agriculture & allied subjects.
CHANGE FROM CAPITAL & INTERESET SUBSIDY TO COMPOSITE SUBSIDY:
Subsidy pattern has been revised from "Capital and interest subsidy" to "composite subsidy" which will be back-ended in nature. It will be 4% of Project cost for women, SC/ST & all categories of candidates from NEAND hill states and 36% of project cost for all others.
In all new cases, subsidy will be released as composite subsidy.
NABARD will ensure that the banks do not charge interest on subsidy
Portion of the loan as back-ended subsidy is released to banks up-front. The benefit of subsidy will be extended maximum twice to a candidate under the scheme.
LIMIT ON TOTAL FINANCIAL OUTLAY
Ceiling of the project cost for subsidy has been enhanced to Rs 2o lakh for individual's project (Rs. 25 lakh in case of extremely successful individual projects) and to Rs. 100 lakh for a group project (minimum of five individuals)
The term loan would be composite in nature and participating banks would extend bank loan as per the total financial outlay (TFO) which would include fixed capital cost , working capital for one operating cycle, and subsidy amount eligible (as subsidy is back-ended) but it would not include margin money.
The provision of composite subsidy even for low capital investment cases has been now being introduced as it is definitely possible that some agri-preneurs already have capital (e.g. a building) to start a venture, thereby requiring minimal capital investment.
At least 10% value of the total financial outlay (TFO) of the projects should be in capital form.
Payment of back-ended subsidy will be linked to extension services provided by the agri-preneurs. For this purpose any two out a group of rank and status not below the following officials /person would make a periodic /surprise inspection and submit its report to NABARD/financing bank/office of ATMA.
And there are many more . Please read the official document by clicking here
Best Regards,
Shilu Sinha
B.Sc (Agriculture), MBA (Marketing)
Director,
Mandi Fresh Agro Pvt. Ltd
+91-9910035164 | 0124-2213173
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