26. Scheme for Commercial Production Units of Organic Inputs
Purpose
This scheme is to promote organic farming in the country on a large scale. Under this scheme manufacturing of organic inputs such as biofertilisers, vermicompost, fruit and vegetable waste compost are considered.
Eligibility
Individuals, group of farmers/growers, proprietary and partnership firms, cooperatives, fertiliser industry, seed industry, Companies, Corporations, NGOs are eligible New as well as existing units (for expansion / renovation) engaged in the production are eligible under the scheme.
Loan amount
50% of the Project cost as Bank loan
25% of the cost will be provided as subsidy from Government, subject to ceiling
Cost of the project depends on the location, capacity, technology, invoice prices etc
Security
Security will be as per norms prescribed from time to time.
Repayment
Repayable in 8 – 10 years, with a grace period of 2 years.
Source: http://www.statebankofindia.com/portal/agri |
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