||Guidelines under the scheme
||For setting up of Agriclinics and Agribusiness Centers in order 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
||An unemployed Agricultural graduate in subjects like Agriculture ,Agri Engg., horticulture, animal husbandry, forestry, dairy, veterinary, pisciculture and other allied activities including new emerging areas in agriculture sectors trained by accredited training institute of MANAGE.
|Quantum of Loan
||The outer ceiling for the project by individual would be Rs.20 lakh (Rs. 25 lacs in case of extremely successful individual projects) and for group project, overall ceiling of Rs.100 lacs, whichever is less.
|Nature of facility
||Term loan for capital expenditures & Cash credit for working capital requirements.
|Rate of Interest
||For loans up to Rs 5 lakh – Nil For loans above Rs 5 lakh – 15%
||Repayment period will depend on the nature of activity and will vary between 5 to 10 years. The repayment period may include a maximum grace period of 2 years
||Composite back-ended Subsidy of 44% of project cost for women, SC/ST & all categories of candidates from NE and Hill states and 36% of project cost for all others.
||For loans up to Rs 5 lakh – Hypo of assets (No collateral security) For loans above Rs 5 lakh – Hypo of assets and Mortgage of land or third party guarantee.