Agriculture subsidy

Agriculture Subsidy

Agriculture subsidy refers to financial assistance or support provided by the government to the agricultural sector, primarily to farmers and agricultural producers. These subsidies are often intended to achieve various policy objectives and to address specific challenges in agriculture.

Eligibility for MOFPI PMKSY scheme:

1. Net worth should be a minimum of 1.50 time grant in aid sought under the scheme

2. Final or in principle sanction letter on or after 25th Sep 2023

3. Term loan should be a minimum of 20% of the project cost

4. A detailed appraisal note along with the sanction letter is mandatory

5. Detailed Project Report (required by Banker)

6. Project to be located inside Mega Food Park or outside the same

7. Minimum project cost of INR 3 crore

8. Minimum 20% capital infusion by promoter

9. Any entity who has already availed subsidy under this scheme can avail the same again

10. In case the entity has availed MOFPI funding under any other scheme, they can avail it after two years of start of commercial production for the same

11. No entity can avail of subsidy benefits for more than 2 projects in a span of ten years

Documentation required:

1. Non-refundable fee of INR 20,000 for applying for the same

2. Bank Guarantee (BG) of 5% of subsidy to be granted for the entire duration of the project plus 60 days once MOFPI approves the project for subsidy

3. Application to be strictly filed online and all pages of the application to be self-attested by the applicant

4. In case documents are in the regional language they need to be translated by English or Hindi translation of the same

5. CA certificate for a net worth statement along with documentary evidence

6. Entity’s CoI / MoA / AoA / GST / PAN to be provided

7. Annual report and audited financials for the last 2 years

8. Promoter profile and entity’s background

9. Details of land, either owned or leasehold for a period of 15 years

10. Quotation from OEM or authorized dealers for Plant & Machinery

Agriculture Central Subsidy

Agriculture Central Subsidy refers to financial support provided by the central or federal government of a country to the agricultural sector. These subsidies are typically aimed at promoting agricultural development, ensuring food security, and improving the livelihoods of farmers.

Agriculture State Subsidy

Agriculture State Subsidy refers to financial support and incentives provided by state or provincial governments to the agricultural sector within their respective regions or states. These subsidies are typically aimed at addressing specific agricultural challenges, promoting local agricultural development, and ensuring the well-being of farmers.

Request a Quote

Ready to Work Together? Build a project with us!

Agriculture subsidy