Purpose

The scheme is to provide self employment opportunities to technically trained persons and to augment extension services for agriculture. 

Eligibility

Agricultural graduates / graduates in subjects allied to agriculture like horticulture, animal husbandry, forestry, dairy, veterinary, poultry, pisciculture and other activities.

Loan amount

Individual Activity – Rs.10 lacs
Group Activity – Rs.50 lacs (maximum). In case of group projects, if the group consists of 5 or more persons, all except one of them would have to be agriculture graduate trained under the scheme and the remaining could be non-agri graduate with experience in business development and management.
Loan amount for loans upto Rs 5.00 lacs 100% 
Loans above Rs 5 lacs upto 85 % of the cost 

Subsidy

Credit linked capital subsidy @25% of the capital cost of the project funded through bank loan would be eligible. This subsidy would be 33.33% in respect of borrowers belonging to SC, ST, women and other disadvantaged sections and those from North-Eastern and Hill States. In addition to the above subsidy, full interest subsidy would be eligible for the first two years of the project. The capital subsidy will be back-ended with minimum 3 years lock-in period. The interest subsidy would, however, be concurrent. 

Security

Upto Rs. 5.00 lacs Hypothecation of assets created.
Above Rs. 5.00 lacs: Hypothecation of assets created. and Mortgage of land or Third party guarantee.