Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-11

NABARD promotes agri investment; small farmers to benefit

NABARD has reduced the rate of interest by 0.2 per cent on its long-term refinance facility to banks to help promote farm sector investments.

The National Bank for Agriculture and Rural Development (NABARD) has reduced the rate of interest by 0.2 per cent on its long-term refinance facility to banks to help promote farm sector investments.

 

"Rates of refinance will now be 9.5 per cent for five years and above and 9.7 per cent for three to five years period, banks availing more than Rs 500 crore in a single drawl will further be incentivised by 10 basis points," according to a finance ministry statement quoting NABARD Chairman Harsh Kumar Bhanwala.

 

Also, financing for efficient agricultural technologies would get a further incentive of 50 basis points.

 

About 12 such innovative farm practices to enhance fruit and vegetable production have been listed, including production under controlled conditions like poly houses with water saving drip and fertigation facilities, precision farming and post-harvest management.

 

This initiative is aimed at combating food inflation by addressing supply-side constraints.

 

NABARD will also extend the 50 basis points rebate for supporting single purposes under area development schemes, mainly to benefit small and marginal farmers.

Related opportunities
  • Casual dine Restaurants
    About: Desi Vibes specialized in authentic Mughlai and North Indian cuisine.The..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2014
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • India’s first dedicated Pay-Per-Workout gym! Identifying the tendency of Indians not..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10000 - 50 K
    Space required 1500 - 3100 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Ice creams & Yogurt Parlors
    About: IceBreakers is a popular ice cream parlor that was conceptualized..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Technology
    Maptek Softwares LLP is an award-winning web design & development..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 240
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts