What you get
- 3%The government pays 3% a year of the interest on up to ₹2 crore of your loan, for up to 7 years.interest relief a year
Who can apply
✓ Any farmer✓ Small / marginal farmer✓ Woman farmer✓ Scheduled Caste✓ Scheduled Tribe✓ Farmer producer organisation✓ Self-help group✓ Cooperative✓ Entrepreneur✓ Start-up
How to apply
- Check that your project is in the eligible list — post-harvest management projects or viable farming assets (s. 6).
- Apply for the loan on the online AIF platform, agriinfra.dac.gov.in, choosing a participating bank or lending institution (s. 9, 12).
- Put in at least 10% of the project cost yourself; a capital subsidy from another scheme counts towards it (s. 13).
- The lending institution appraises the project and decides the loan (s. 17); the loan is paid into an Aadhaar-linked bank account (s. 16).
Documents you need
- Aadhaar-linked bank account (s. 16)