Infrastructure for Agriculture Marketing

Infrastructure for Agriculture Marketing

The program offers assistance for projects aimed at creating storage infrastructure (50-5000 MT for Private & Cooperatives and 50-10,000 MT for State agencies) as well as other marketing infrastructure initiatives (not related to storage).

Infrastructure for Agriculture Marketing

AMI is an open ended, demand driven, credit linked, back ended subsidy scheme. Beneficiaries viz, Individuals, Agri-preneurs, farmers, FPOs, Cooperatives, and state agencies etc. are eligible for assistance. Under the scheme, the subsidy @ 25% for plain areas and 33.33% for NER, hilly area, Women/SC/ST promoters & FPOs etc is available for development of Agricultural Marketing Infrastructure Projects including storage infrastructure, Infrastructure for development/Upgradation of Rural Haats as Grameen Agricultural Market (GrAMs), Common Facilitation Centre for FPOs, Marketing infrastructures in market yards, Infrastructure for direct marketing, Mobile infrastructure for post-harvest operations including reefer vans, Stand-alone cold storages up to 1000 MTs, Integrated Value Chain (IVC) Projects up to primary processing stage etc. Assistance under the sub-scheme is inter-alia available to Individuals, Farmers, Group of farmers/growers, Registered Farmer Produce Organizations (FPOs) / FPCs, firms, companies, corporations, NGOs, SHGs, Cooperatives, Cooperative Marketing Federations, Autonomous Bodies of the Government, Local Bodies, Panchayats, State Agencies etc.

Benefits:

The following advantages are anticipated by the plan:
1) Guarantee farmers receive fair pricing for their produce; 2) Provide competitive and alternative marketing channels.
3) The advancement of compact processing units
4) Lower handling and post-harvest losses
5) Encourage market access and pledge finance
6) Links between the farmer-consumer market and helping to integrate GrAMs with the e-NAM site

Eligibility:

Anyone can apply for the scheme.

Application Process:

Step 01:   Promoter applies for Term Loan (TL) to Financial Institution (FI)
Step 02:  Tem loan sanctioned by FIs
Step 03:  FI applies for Advance Subsidy within 90 days of disbursal of First instalment of TL through ENSURE portal of NABARD
Step 04:  NABARD, sanctions and releases the Advance Subsidy to the FI
Step 05: After completion of the project, FI will submit final subsidy claim to NABARD and requests for Joint Monitoring Inspection (JMI)
Step 06:  NABARD will initiate action for conduct of JMI and Geo-tagged photograph taken during JMI is uploaded to the Ensure Portal
Step 07:  NABARD sanctions and releases final subsidy to the FI.
 

Documents Required

1) Forwarding a letter from the finance branch’s controlling / nodal office.
• Financing branches shall submit advance subsidy claim applications to NABARD through the Controlling / Nodal Office, ensuring all required documentation are contained.
• Provide the address and phone numbers of the controlling/nodal office and financing branch. • Endorse a copy of the letter and claim application to DMI RO/SO.

2) Application for advance subsidy claims in accordance with Annexure-V format
3) Copy of project report with item-wise information of costs, total expenditure, loan, and margin supplied by the promoter, along with a copy of the FI’s technical and financial appraisal report.
4) A copy of the authorized plan/map and civil drawings that clearly show the dimensions and capacity.
5) A copy of the FI’s loan sanction letter, as well as copies of any invoices for machinery/equipment purchased for the infrastructure project. Copy of the borrower’s Term Loan Account Statement, reflecting all transactions, including the disbursement of the first installment of the loan.

7) FI’s certificate indicating the Promoter’s category. SC/ST entrepreneurs and cooperatives should seek certification from the Competent Authority.
8) A notarized affidavit in original signed by the promoter on non-judicial stamp paper, as per Annexure XV.
9) A copy of the fully registered partnership deed, if it is a partnership firm, the Memorandum and Articles of Association, and the certificate of incorporation, if it is a private limited company, etc.