Capital Investment Subsidy Scheme under National Bamboo Mission
The capital investment subsidy scheme has been launched to strengthen the domestic cultivation of more than 136 varieties of bamboo species and increase the income of the farmers. India has huge bamboo production and It generates more than 30,000 crores of income. The capital investment scheme is launched to provide a credit link facility to bamboo farmers through Financial Institutions under the National Bamboo Mission. The scheme encourages the farmers and entrepreneurs in the bamboo sector to submit their project proposals to eligible banks and obtain subsidies.
Eligibility Criteria
• Any Graduates and Postgraduates in agriculture and allied subjects
• Any Graduates, Postgraduates from other disciplines having experience and skill to undertake Agri-Business ventures can also be considered.
• The proposed units could be proprietorships, partnerships, or a company.
• Any promoter or their units must not be a defaulter in any government scheme and /or with any bank or any other agencies.
• The proposed unit for which financial assistance is sought should be situated within any of the eight North-Eastern States.
Extension of aid
• Composite loan comprising Term Loan and Working Capital.
• Financial assistance will be extended on a needy basis, depending upon the nature of the projects and the competence of the promoters.
• The Maximum project size can upto Rs.25 lakhs.
• A Term Loan from NEDFi is a Maximum upto 75% of the project cost.
• The promoter’s contribution will be at least 25% of the project cost.
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