PURPOSE:
• Establishment & development of new orchards or grove of fruit crops, plantation crops, spices crops, ornamental crops, medicinal plants, essential oils/ aromatic plants etc.,
• Rejuvenation of existing orchards or plantation (to be sanctioned by Circle Heads)
• Raising vegetables, raising flower crops,
• Intercropping in horticulture crops,
• Marketing Loan (to meet picking, grading, crating forwarding or transportation costs).
• Construction of Green House & Purchase of equipments for Green House.
ELIGIBILITY:
• Individual farmer or group of farmers having aptitude/ adequate experience together with stipulated land holding (either as owner or tenant /lessee on long term basis (at least three years more than economic life of projects)
• Public Sector Undertakings or private firms desirous of seeking financial assistance for plantation of fruit trees or other economic plants on project basis.
EXTENT OF LOAN: Need Based. Working capital loan would depend upon scale of finance
o Marketing Loan: Not to exceed 20% of estimated value of crops.
REPAYMENT: 4-15 years (inclusive of gestation period)