Ashu Sikri (Unlicensed) ashok Ravi Shankar Sharma (Unlicensed) Sai Chandan Dash (Unlicensed) Ronali Pradhan (Unlicensed) Aditya Sethi (Unlicensed) Gautam Mandewalker Vineet Singh
Options for Financial assistance in the form of Loan or Grant .
Loan:
Lender | Amount | Interest rate | Documents required |
---|---|---|---|
OLM/Mission Shakti | Upto 1 Cr depending on eligibility | 0.5% | 1.MoA,AoA,IoC, 2.GST,PAN 3.Shareholder list, Audit report , Roc Filling proof, 4.Businessplan 5. Others as per the list provided by Mission shakti after the application is received. 6. Bank Details |
Nabkisan | 10 lakhs for the FPO applying first time | 9% |
|
Bank | 5-10 Lakhs depends on the application received from Horticulture & Agriculture. | 7-10% varies from Pvt to Govt banks |
|
Samunnati | 5-10 lakhs depending on the turnover of the FPO | 14-15% |
|
Grants :
Organization | Eligibility | Documents Required |
---|---|---|
Mission Shakti | 50% on executing plan and 50% based on turn over, record maintenance, Shareholder base etc.. FPC should be formed under APC FPO Project. | Same as Loan Application. The FPC will receive a list of documents to be submitted once they give the application |
SFAC Equity matching | Share Capital , Turnover ashok can add . SFAC Equity Grant Online Application Form |
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NABKISAN | Upto 10% of loan taken ( This can be utilized for capacity building ) |
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Dept Horticulture | FPO Using Hybrid Seed. 40% subsidy on the seeds purchased. |
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Individual Farmer Loan / Grant :
Organization | Eligibility | Amount & Interest | Documents required |
---|---|---|---|
Kisan Credit Card | Must be involved farming or allied activities. Age - 18-75. | Upto 3 Lakhs @ 7% P.A | Aadhaar card, PAN card, Voter ID, driving licence, etc. Copy of address proof document such as Aadhaar card, PAN card, Voter ID, driving licence. The proof should have the applicant's current address to become valid. Land documents. Bank Details. |
SAFAL ( Samunnati Farmers loan ) | Must be involved farming or allied activities . Must be a member of FPO . Age 18-60. No default records . Default in KCC is accepted. | Upto 50,000 @ 16 % P.A |
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Horticulture Dept | Farmers using Hybrid seed. | 0.1Hectare - Rs 5000/- |
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These are the Few Options we have to support the saharapada FPO in arranging working capital or grants. With time we can add another column mentioning the stages of application or interventions required to get the same .