Financial Facilities


I. GRANT

A. General

SN.
Scheme
Details of Scheme
Application to be made at

1

Rain water Harvesting

Grant of 50% (Max Rs 100,000) to acquire rainwater harvesting equipment.

FAREI

2

Purchase of Agricultural / Processing Equipment

Grant of 50% (Max Rs 350,000) for the acquisition of machinery, equipment, etc.

FAREI

3

Technology Introduction And Diffusion

(i) Cash Grant of 75 % of costs of consultancy /expert services /equipment/breeding stock/crop/planting material (Max of Rs 1M).

(ii) Additional bonus 25 % on successful dissemination of project output to other producers

B. Crop

SN.
Scheme
Details of Scheme
Application to be made at

1

Sheltered Farming

Grant of 50% (Max Rs 400,000) to acquire Sheltered Farming structure.

FAREI

2

Potato Seed Purchase Scheme

(i) Grant of 10% of the cost of potato seeds purchased at the Agricultural Marketing Board (AMB).

(ii) Only 10% down payment to be made by planters on the remaining cost.

(iii) The remaining amount to be paid without interest by beneficiaries from proceeds of harvested crops.

3

Onion Seed Purchase

(i) Grant of 10% of the cost of onion seeds purchased at the AMB.

(ii) Only 10% down payment to be made by planters on the remaining cost.

(iii) The remaining amount to be paid without interest by beneficiaries from proceeds of harvested crops.

4

Technology Introduction And Diffusion

(i) Cash Grant of 75 % of costs of consultancy / expert services / equipment / breeding stock / crop / planting material (Max of Rs 1M).

(ii) Additional bonus 25 % on successful dissemination of project output to other producers

(ii) Additional bonus 25 % on successful dissemination of project output to other producers

C. Livestock

SN.
Scheme
Details of Scheme
Application to be made at

1

Heifer Productivity Incentive Scheme

Cash Grant of Rs 2,500 payable to breeders per calf (3 months) (Max 30 calves per year).

2

Upgrading of Livestock Farm

50 % grant (Max Rs 200,000) to upgrade/ construct livestock farms and pig sties.

3

Pasture Development

50 % grant (Max Rs 20,000/arpent) to produce perennial fodder and maize up to a maximum of 25 arpents.

4

Cattle Breeding Scheme

50 % Grant up to a (Max of Rs 50,000/head) to purchase heifer/cows of genetically improved breeds (Max 10 heads).

5

Goat / Sheep Breeding

50 % Grant (Max Rs 15,000/head) to purchase of goats/sheep of genetically improved breed (Max 25 heads).

II. Subsidy

SN.
Scheme
Details of Scheme
Application to be made at

1

Fruit Protection

Subsidy of 75% on anti-bird net.

FAREI

2

Banana Bagging

Subsidy of 50% on polyethene plastic bags to protect banana bunches from infection and physical damage.

3

Compost Subsidy Scheme

100% subsidy provided on locally produced compost (Max of 1 ton/arpent).

4

Tea Sector Support Scheme

100% subsidy on 175 kgs of NPK (22:5:7.5:7.5) and CAN 100 kgs/arpent, to registered tea planters to increase field productivity and production.

5

Freight Rebate Scheme

Rebate on the exportation freight costs of 25% to be shared equally amongst exporters and producers on selected fruits, vegetables and flowers

II. Loan

SN.
Scheme
Details of Scheme
Application to be made at

1

Bio Farming Promotion Scheme

(i) Loan facilities at an annual interest rate of Key Repo Rate less 1 % (presently 3.4%) over a period of ten years for a maximum of 90% project financing under the MauBank SME Development Scheme.

(ii) Income Tax Holiday for the first eight years of operation of approved Bio-Farming Project.

(iii) Value Added Tax Exemption on production equipment and other inputs acquired for the implementation of the project.