Financing For Setting Up of Agri-Clinics and Agri-Business Centers for Agriculture Graduates

Particulars	Details
Type of Facility	Term Loan (TL)
Purpose	Setting up of Agri Clinics Setting up of Agri Business Centers
Eligibility	The scheme is open to following categories of candidates of age group of 18 to 60 years Graduates in agriculture and allied subjects from State Agriculture Universities (SAUs)/Central Agricultural Universities/Universities recognized by ICAR/UGC. Degree in Agriculture and allied subjects offered by other agencies are also considered subject to approval of Department of Agriculture & Cooperation, GoI, on recommendation of the State Government Diploma (with at least 50% marks)/Post Graduate Diploma holders in Agriculture and allied subjects from State Agricultural Universities, State Agriculture and Allied Departments and State Department of Technical Education. Diploma in Agriculture and allied subjects offered by other agencies are also considered subject to approval of Department of Agriculture, Cooperation & Farmers’ Welfare, GoI on recommendation of the State Government Biological Science Graduates with Post Graduation in Agriculture & allied subjects Degree courses recognised by UGC having more than 60 percent of the course content in Agriculture and allied subjects Diploma/Post Graduate Diploma courses with more than 60 percent of course content in Agriculture and allied subjects, after B.Sc. with Biological Sciences, from recognised colleges and universities. Agriculture related courses at Intermediate (i.e. plus two) level, with at least 55% marks.
Amount	Individuals: Maximum Rs 20 lakh, Group (5 members) : Maximum Rs 100 lakh
Margin	Limit up to Rs 5.00 lakh: NIL Limit above Rs 5.00 lakh:15% to 25% (However, concessions will be available to SCs / STs, women and beneficiaries of North Eastern states, Hill areas)
Rate of Interest	Slab-wise ROI for exposures upto Rs.25.00 lakh- I) For Activities which does not fulfill MSMED Act Norms (MCLR Based): 1 Year MCLR+BSS @ 0.50% + Spread @ 2.10 II) For activities which fulfills MSMED Act Norms (RLLR) Based: Without Collateral Concession : RLLR+ 2.50 + BSS @ 0.50% Slab-wise ROI for exposures more than Rs.25.00 lakh- As per Risk Base Prising
Security	Limit upto Rs 5.00 Lakh: 1. Hypothecation of Assets created out of bank loan Limit above Rs 5.00 Lakh: 1. Hypothecation of Assets created out of bank loan 2. Mortgage of land / other property.
Repayment	5 to 10 years depending up on the cash flows
Subsidy	Credit linked composite subsidy @ 36% of the capital cost of the project funded through bank loan is available from NABARD. This subsidy would be 44 % in respect of candidates belonging to SC, ST, Women and other disadvantaged sections and those from North-Eastern and Hilly States.
Other Terms & Conditions	Applicant should complete training programme conducted by National Tanning Institute approved by MANAGE
Paper requirement	Loan application ie Form No -138, & Enclosure – B2 All 7/12, 8 A, 6 D extracts, Chatu Sima of the applicant No dues certificates of the applicant from surrounding financial institutions including PACS Legal search from advocate on Bank’s panel for loans above Rs.5.00 lakh where land is to be mortgaged Price quotations/ Plan estimates / Permissions etc. depending up on the purpose of loan Guarantee form F-138 All 7/12, 8 A & PACS dues certificate of the guarantors

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Frequently Asked Questions

1. What is the “Financing for Agriculture Graduates” scheme by Bank of Maharashtra?

The Financing for Agriculture Graduates scheme is a term loan offered by Bank of Maharashtra to support agriculture graduates in setting up Agri-Clinics or Agri-Business Centres. The scheme aims to encourage agri-entrepreneurship and provide professional agricultural services to farmers.

2. Who is eligible to apply for this loan?

Individuals aged 18 to 60 years with a qualification in agriculture or allied subjects can apply. Eligible applicants include agriculture graduates from universities recognized by ICAR or UGC, diploma holders in agriculture, and biological science graduates with postgraduate qualifications in agriculture or related fields.

3. What is the maximum loan amount available under this scheme?

Under this scheme, an individual can avail a loan up to ₹20 lakh, while a group of up to five members can receive financing of up to ₹100 lakh for setting up agri-business projects.

4. Is any margin required for the loan?

For loans up to ₹5 lakh, no margin is required. For loans above ₹5 lakh, the margin requirement ranges between 15% and 25%, depending on the project. Certain concessions may be available for SC/ST applicants, women, and beneficiaries from hilly or North-Eastern regions.

5. What security is required for the loan?

For loans up to ₹5 lakh, the primary security is the hypothecation of assets created from the loan. For loans above ₹5 lakh, additional security such as mortgage of land or property may be required along with asset hypothecation.

6. Is there any subsidy available under this scheme?

Yes. Eligible projects can receive a credit-linked subsidy of up to 36% of the project cost through NABARD. For candidates belonging to SC/ST, women, and other disadvantaged categories, the subsidy may go up to 44%.

7. What is the repayment period for this loan?

The loan is generally repayable within 5 to 10 years, depending on the nature of the project and the cash flow generated from the agri-business activity.

8. Is training required before applying for this scheme?

Yes. Applicants are required to complete a training program approved by MANAGE (National Institute of Agricultural Extension Management) before availing the loan for setting up Agri-Clinics or Agri-Business Centres.

9. What documents are required to apply for the loan?

Applicants must submit the loan application form along with supporting documents such as land records (7/12 extract), no-dues certificates from other financial institutions, project estimates, and guarantor details, depending on the loan amount and purpose.