Individual farmers for storing Agricultural produce, Entrepreneurs and group of persons engaged in storing and marketing of Agricultural commodities will be financed under the scheme for establishment of Rural Godowns.

Persons who are engaged in storing of Agricultural produce with a idea of hoarding will not be considered under the scheme.

Loans under tie up arrangements with Food Corporation of India (FCI), State Ware Housing Corporations (SWCs) and reputed corporations with suitable tripartite agreements will also be considered under the scheme.

Capacity:

Godowns with capacity up to a maximum of 10000 MT capacity will be financed under the scheme. Depending upon the potentiality sizes ranging from 200 MT, 250 MT, 500 MT, 750 MT and 1000 MT capacity godowns will be financed.

Loan amount:

2/3 rd of the cost of estimation will be allowed as a loan amount under the scheme. Cost of estimation should not exceed maximum of Rs.1200 per ton of storage capacity depending upon the major produce to be stored in the go down. The cost of estimation should not include land cost.