With increasing higher levels of production of foodgrains and other agriculture produce, a network of rural godown/storage centers to serve the economic interest of the farming community for storing there produce in the warehouse is required. The scheme envisages construction and management of godowns with capacities ranging from above 100 MTs by cooperative societies, market committees, state warehousing corporations, individuals.

Eligibility

Individuals, farmers, Group of farmers/growers, Partnership/ Proprietary firms, Non-Government Organizations (NGO’s), Self Help Groups (SHGs), Companies, Corporations, Co-operatives, Local Bodies other than Municipal Corporations, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations.

Details of the Scheme

• The entrepreneur may obtain a license to operate the godown, if so required by the concerned State Government, under the State Warehousing Act or any other relevant laws.
• All Rural Godowns to be constructed under the Scheme should be confirming to the technical specifications relating to the implementation of the Negotiable Warehouse Receipt System (NWRS).
• The rural godowns of 1000 tones capacity and more shall be considered as eligible for assistance under the Scheme, only on giving an undertaking alongwith the application that they would be implementing the Negotiable Warehouse Receipt System.
• Construction to be completed within 15 month of disbursement.
• Farmers will be charged rent as prescribed by the state government for storing agriculture produce.

National Horticulture Board through NABARD also provide capital investment subsidy from time to time by formulating special scheme.

Nature Of Facility
Term loan for capital expenditures

Repayment Schedule
Maximum 7 years.

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