National Agriculture Infra Financing Facility (NAIFF)

TYPE OF APPLICANT : Individual, JLGs, FPOs, Co-operative Society, Self Help Group, Startup, State Agencies.

STATE(S) COVERED : All States

MAXIMUM PROJECT COST : 2 Crore



OBJECTIVES

  • To mobilize a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country.
  • Improved marketing infrastructure to allow farmers to sell directly to a larger base of consumers and hence, increase value realization for the farmers. This will improve the overall income of farmers.
  • With investments in logistics infrastructure, farmers will be able to sell in the market with reduced post-harvest losses and a smaller number of intermediaries. This further will make farmers independent through improved access to market.
  • With modern packaging and cold storage system access, farmers will be able to further decide when to sell in the market and improve realization.
  • Community farming assets for improved productivity and optimization of inputs will result in substantial savings to farmers.
  • With a dedicated source of funding, entrepreneurs will push for innovation in agriculture sector by leveraging new age technologies including IoT, AI, etc.
  • To connect the players in ecosystem and hence, improve avenues for collaboration between entrepreneurs and farmers.



FEATURES

  • Loans under this financing facility are eligible for an interest subvention of 3% per annum.
  • The interest subvention is applicable only up to a loan amount of ₹2 crore.
  • The interest subvention is available for a maximum period of 7 years.
  • If a loan exceeds ₹2 crore, the interest subvention will still only apply to the first ₹2 crore of the loan amount.
  • Regardless of the loan amount, the interest subvention will not extend beyond a 7-year period.
  • Eligible borrowers can receive credit guarantee coverage for loans up to ₹2 crore under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
  • The fee for credit guarantee coverage under the CGTMSE scheme will be paid by the government.
  • The timing of subsidy payments is determined by the government, so we cannot provide an exact date for disbursement. However, we will keep you informed and support you throughout the process.



CRITERIA

  • Eligible Projects under Scheme
    1. Organic inputs production
    2. Bio stimulant production units
    3. Nursery
    4. Tissue culture
    5. Seed Processing
    6. Custom Hiring Center
    7. Infrastructure for smart and precision agriculture
      1. Farm / Harvest Automation
      2. Purchase of drones, putting up specialized sensors on field, Blockchain and AI in agriculture etc.
      3. Remote sensing and Internet of Things (IoT) such as automatic weather stations, farm advisory services through GIS applications.
    8. Logistics facilities - Reefer Van & Insulated vehicles
    9. Assaying Units
    10. Supply chain services including e-marketing platforms
    11. Warehouse & Silos
    12. Cold Stores and Cold Chain
    13. Packaging Units
    14. Primary Processing activities
    15. Sorting & Grading Unit
    16. Waxing Plants
    17. Ripening Chambers



REQUIRED DOCUMENTS

    Mandatory

    1. Aadhaar Card
    2. Pan Card
    3. Applicant Photo
    4. Land Document (Rent Agreement / Possession Receipt)
    5. Quotation

    Will be provided by our expert team

    1. Detailed Project Report
    2. Application submission to government




PROCESS FLOW :

  • Submit the application with project report and required documents on the portal.
  • After submission, the nodal officer screens the application for eligibility based on guidelines and marks it on the portal if eligible.
  • The lender reviews the application, conducts due diligence, and approves or reject the loan.
  • After meeting the sanction letter conditions, the lender disburses the loan to the beneficiary.
  • At last, the releases of interest subvention starts as per guidelines.


Apply

Our Schemes

  1. PMEGP
  2. CMEGP
  3. PMFME
  4. AHIDF
  5. NLM

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