Financial Inclusion

Owned by Amrita Das (Unlicensed)
Last updated: Sept 07, 2022
2 min read

@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

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%

  1. Company KYC (MoA,AoA,GST,Pan, Ioc)

  2. BOD details with KYC

  3. Bank Details

  4. Business plan

  5. Audit Report

Bank

5-10 Lakhs depends on the application received from Horticulture & Agriculture.

7-10% varies from Pvt to Govt banks

  1. Application from Dept

  2. Company KYC (MoA,AoA,GST,Pan, Ioc)

  3. BOD details with KYC

  4. Bank Details

  5. Business plan

  6. Audit Report

Samunnati

5-10 lakhs depending on the turnover of the FPO

14-15%

  1. Company KYC (MoA,AoA,GST,Pan, Ioc)

  2. BOD details with KYC

  3. Bank Details

  4. Business plan

  5. Audit Report

  6. Stock report

  7. Buyer seller details

Grants :

Organization

Eligibility

Documents Required

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

http://sfacindia.com/EGFAppliactionForm.aspx

 

  1. FPO KYC

  2. BOD KYC

  3. Shareholder list

  4. Equity grant Board resolution

  5. Grant Utilization Board resolution

  6. Business plan

  7. FPO project report

  8. Account Statement

  9. Board resolution Copy of previous decision Taken

NABKISAN

 

Upto 10% of loan taken ( This can be utilized for capacity building )

  1. Same as loan application . This process is followed by the loan application . If the FPC returns back the loan in time the eligibility amount increases.

Dept Horticulture

FPO Using Hybrid Seed. 40% subsidy on the seeds purchased.

  1. PG details . 2. Seed packet 3. Bills etc ( To be checked in the next visit )

Individual Farmer Loan / Grant :

Organization

Eligibility

Amount & Interest

Documents required

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

  1. Aadhaar card, PAN card, Voter ID, driving license, Land Proof, Share certificate, bank details.

Horticulture Dept

Farmers using Hybrid seed.

0.1Hectare - Rs 5000/-

 

 

  1. Aadhar card 2. Pan card 3. Seed packet 4. land record

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 .

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