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Agri Startups

Eligible Institutions: Start-ups working in the field of agriculture and rural development, with an established business model, looking to scale up their operations

Eligible activities

Loans shall be extended in the form of direct finance, for the purposes indicated below:

  • Value Chain Financing

  • Green finance: Clean Energy, climate change mitigation and adaptation, waste management

  • Water, Sanitation and Hygiene (WASH) including Climate Ready WASH

  • Rural Infrastructure

  • Logistics

  • Food/ Agro Processing

Eligibility Criteria

  • This support is available for innovative Indian start-ups in agriculture and allied sectors that directly benefit farmers/FPOs, offering services like financing linkages.
  • Eligible start-ups must be registered as Private Limited Companies with DPIIT certification and have at least 51% Indian promoter shareholding.
  • The start-up must not have pending dues or be blacklisted by any government agency

Loan Quantum

  • The amount would be absolutely need based.
  • The maximum quantum of financial assistance to be sanctioned will be 85% of the project cost and margin of minimum 15% to be brought in by the start-up.

Interest, repayment & security

Interest Rate

  • Rate of interest and processing fee shall be as per policy of NABKISAN
  • Minimum of 2% of the loan sanctioned plus applicable taxes will be charged towards processing fee.

Repayment Period

Maximum Repayment period is 18 Months for working capital loans and 7 years for Term Loan including moratorium period, if any

Security

  • Primary Security: Mortgage and/or hypothecation of assets/stock/receivables created, if any.
  • Collateral Security:
    • Personal guarantees of promoters is compulsory.
    • Liquid collateral in the form of lein marked FD in the range of 25% - 50% depending on case-to-case basis or in the form of mortgage of SARFAESI compliant property in the range of 50% -75%.