NABRD Rural Godown

The main objectives of the scheme include creation of scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce and agricultural inputs; promotion of grading, standardization and quality control of agricultural produce to improve their marketability; prevention of distress sale immediately after harvest by providing the facility of pledge financing and marketing credit

 

Rate of subsidy shall be:-

(a) 33.33% of the capital cost of the project in case of projects located in North – Eastern States, hilly areas and those belonging to Women Farmers/ their self help groups / co-operatives and SC/ST entrepreneurs & their self-help groups/ Co-operatives subject to a maximum ceiling on subsidy of Rs.62.50 lakh. No maximum ceiling on subsidy in the case of cooperatives assisted by NCDC;

 (b) 25% of the capital cost of the project to all categories of farmers (Other than Women Farmers), agriculture graduates, cooperatives and State/ Central Warehousing Corporations subject to a maximum ceiling on subsidy of Rs. 46.87 lakh. No maximum ceiling on subsidy in the case of cooperatives assisted by NCDC; (c) 15% of the capital cost of the project to all other categories of individuals, companies & corporations etc., subject to a maximum ceiling on subsidy of Rs. 28.12 lakh; and d) 25% of the capital cost of the project for renovation of godowns of cooperatives with assistance from NCDC

Mode of release

a) Advance subsidy:

50% of the subsidy amount will be released to NABARD by Deptt of Agriculture and Cooperation in advance. Accordingly NABARD would release subsidy to participating banks in advance for keeping the same in the Subsidy Reserve Fund Account of the concerned borrower. This amount of 50% advance subsidy would be released by NABARD to the participating banks on submission of a project profile-cum-claim form (Annexure-I).

 b) Final subsidy :

The remaining 50% of the subsidy amount would be disbursed to the participating bank(s) by NABARD after conduct of an  inspection by a Joint Inspection Committee comprising of officers from   NABARD, participating bank and Directorate of Marketing & Inspection  (DMI) in the concerned Stat

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