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Banking & Credit ::State Bank of India

26. Scheme for Commercial Production Units of Organic Inputs

Purpose

This scheme is to promote organic farming in the country on a large scale. Under this scheme manufacturing of organic inputs such as biofertilisers, vermicompost, fruit and vegetable waste compost are considered. 

Eligibility

Individuals, group of farmers/growers, proprietary and partnership firms, cooperatives, fertiliser industry, seed industry, Companies, Corporations, NGOs are eligible New as well as existing units (for expansion / renovation) engaged in the production are eligible under the scheme. 

Loan amount


50% of the Project cost as Bank loan
25% of the cost will be provided as subsidy from Government, subject to ceiling
Cost of the project depends on the location, capacity, technology, invoice prices etc 

Security

Security will be as per norms prescribed from time to time. 

Repayment

Repayable in 8 – 10 years, with a grace period of 2 years.

 
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