Loans of up to 2 crore rupees are available for agricultural entrepreneurs and agricultural collectives.
Are you someone who wishes to enter the changing agriculture-allied sectors through services like drones, industrial hemp cultivation, food, etc.? Do many people need loans? Kerala Gramin Bank comes as a relief for those who wish to utilize the agricultural infrastructure development project for such goals.
🏦 KERALA GRAMEENA BANK
A Financial Institution Owned by Government
In recent times, the Agricultural Infrastructure Development Fund or Agri Infra Structure Fund is a scheme that has helped to create great changes and bring in huge investments in Kerala’s agricultural sector.
This central government scheme has been helpful for a great leap in agriculture-allied sectors such as production, processing, value addition, and industrialization. Financial assistance is available under this scheme to invest in local projects for managing agricultural produce after harvest and for providing common facilities for farmers.
💡 Key point: The Infrastructure Development Fund is meant to help agriculture leap forward through better local infrastructure, post-harvest management, and farmer-focused facilities.
Kerala Gramin Bank provides loans under this scheme to many, including entrepreneurs required for the agricultural sector, societies, farmer producers, local self-government institutions, various government initiatives, retailers, and startups.
Entrepreneurs required for the agricultural sector can apply under the scheme.
Societies and farmer producers are among the eligible groups.
Local self-government institutions and various government initiatives can also use the scheme.
Retailers and startups connected with agriculture-allied activities are included.
Loans are available to start primary processing units, storage, packhouses, cold storage, warehouses, grading units, drying units, mobile refrigeration, supply chains, etc.
Loans are also available under this scheme for innovative ideas such as drones, use of post-harvest technologies, blockchain systems, organic agricultural produce production units, on-farm processing, multi-purpose facilitation centers, drone infrastructure, and polyhouses.
Agri-clinics, agri-business centers, value-added units, service centers for agricultural equipment, organic input producer units, decentralized markets, and community farming facilities are also provided loans under this scheme for various needs based on the recommendation of the Krishi Bhavan.
A special feature of the Infrastructure Development Fund is that up to 90% of the project cost is available as a loan. The interest is also only 9%.
- ✅ Under CGTMSE, loans up to 2 crore rupees will be available without additional collateral.
- ✅ There is a 3% interest subvention for the seven years of the loan.
- ✅ The interest subvention will be available in this manner for up to seven years.
- ✅ That is, this is a scheme where entrepreneurs get a loan of up to 2 crore rupees at an interest rate of just 6%.
- ✅ Compared to other loans, repayment can be made for up to 25 years on loans.
- ✅ There is also no hindrance to integrating the loan with subsidies received through other central and state schemes.
📌 AGRI INFRA FUND: Infrastructure Development Fund to leap forward in agriculture.
So far, 4036 entrepreneurs in the state have availed benefits under the scheme. Most of them are enterprises related to the processing and value-addition of agricultural produce. Enterprises that provide agricultural needs, including drones, are also now part of this scheme.
It is commendable that young people with higher educational qualifications are entering agriculture by setting up infrastructure utilizing this scheme.
In a situation where a certain percentage of our fruits and vegetables are lost because they cannot be processed in time, there is a great potential for primary processing units, cold storages, etc. This will also help farmers get better prices.
☎️ District-level monitoring committees are functioning to provide guidance to young entrepreneurs starting such ventures. For doubt clarification, one can contact Krishi Bhavans or the district-level monitoring committee.
Phone: 8921540233, 9020060507
One can apply for the loan by submitting a recommendation letter from the Krishi Bhavan or the concerned government agencies at a Gramin Bank branch.
Kerala Gramin Bank is at the forefront of this scheme in the state, having provided loans worth 68.74 crore rupees so far. Loans have been given to 541 entrepreneurs to date.
Loans under the scheme are provided in all 635 branches of the bank. The bank’s website also details the scheme. To apply for the scheme, one can visit the central government’s website www.agriinfra.dac.gov.in and submit a preliminary application.
📞 For more information and doubts, contact: 9400999964
Who can apply for Kerala Gramin Bank Agri Infrastructure Fund loans?
Entrepreneurs required for the agricultural sector, societies, farmer producers, local self-government institutions, various government initiatives, retailers, and startups can apply. The scheme supports agriculture-allied projects, especially those connected with post-harvest management, value addition, processing, and common facilities for farmers.
How much loan is available under the Agri Infrastructure Fund scheme?
A special feature of the Infrastructure Development Fund is that up to 90% of the project cost is available as a loan. Under CGTMSE, loans up to 2 crore rupees can be available without additional collateral, making the scheme useful for eligible agri entrepreneurs and collectives.
What is the effective interest rate for entrepreneurs?
The interest is 9%, and there is a 3% interest subvention for the seven years of the loan. In this manner, entrepreneurs can get a loan of up to 2 crore rupees at an effective interest rate of just 6%, subject to scheme conditions.
Which agri projects are eligible for this loan?
Loans are available for primary processing units, storage, packhouses, cold storage, warehouses, grading units, drying units, mobile refrigeration and supply chains. Innovative ideas such as drones, blockchain systems, organic produce units, on-farm processing, polyhouses and drone infrastructure are also included.
Is a Krishi Bhavan recommendation needed to apply?
The article states that one can apply by submitting a recommendation letter from the Krishi Bhavan or the concerned government agencies at a Gramin Bank branch. For guidance and doubt clarification, applicants may contact Krishi Bhavans or the district-level monitoring committee.
Where can entrepreneurs submit the preliminary application?
Loans under the scheme are provided in all 635 branches of Kerala Gramin Bank. To apply for the scheme, one can visit the central government’s website www.agriinfra.dac.gov.in and submit a preliminary application. The bank’s website also details the scheme.
