What is Agri clinic and Agri business?

It is a program run by the Ministry of Agriculture and Farmers Welfare in association with NABARD to take educate better methods about farming across the country. They facilitate this by Agri Clinic and Agri Business Center, where individuals graduate and are technically qualified.

What is the purpose of the ACABC scheme?

Agri-clinic and Agri-business loan (ACABC) is a scheme which provides technical support and business knowledge to grow every farmer’s business. Agriculture graduates and qualified entrepreneurs help farmers in their journey.

Helping millions of Indian farmers benefit from our schemes.

Bank of Baroda, for rural India, with rural India.

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Financing Agriclinics & Agribusiness Centres by Agriculture Graduates

Benefits
Features
Eligibility Criteria
Document Required
Fees & Charges
Most Important Terms & Conditions (MITC)

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Benefits

Provides financial aid for setting up of Agriclinics and Agribusiness Centers by Agricultural Graduates and other technically qualified entrepreneurs
Maximum Loan of Rs 25.Lakhs for Project by individual is allowed
Maximum Loan of Rs.20 Lakhs per trained person and overall ceiling of Rs.100 Lakhs for Project by group of individuals is allowed
No collateral security for Loan upto Rs 5 Lakhs
Nil margin for Loan upto Rs 5 Lakhs
Can avail subsidy through NABARD

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Features

A financial aid for setting up of Agriclinics and Agribusiness Centers in order to supplement efforts of public extension by necessarily providing extension and other services to the farmers on payment basis or free of cost as per business model of agricultural entrepreneur (agri-preneurs), local needs and affordability of target group of farmers.

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Eligibility Criteria

The scheme is open to:--

Graduates in agriculture and allied subjects from SAUs/ Central Agricultural Universities/Universities recognized by ICAR/ UGC. Degree holders in Agriculture and allied subjects offered by other agencies are also eligible subject to approval of Department of Agriculture & Cooperation, Government of India 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 holders in Agriculture and allied subjects offered by other agencies are also eligible subject to approval of Department of Agriculture & Cooperation, Government of India on recommendation of the State Government.
Biological Science Graduates with Post Graduation in Agriculture & allied subjects.
Degree holders in courses recognized by UGC having more than 60 percent of the course content in Agriculture and allied subjects.
Diploma/Post-graduate Diploma holders in courses with more than 60 percent of course content in Agriculture and allied subjects, after B.Sc. with Biological Sciences, from recognized colleges and universities.
Agriculture related courses at intermediate (i.e. plus two) level, with at least 55% marks.

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Document Required

KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
Passport Size photo
Land Record
Quotation/Invoice (if available)
Project Report (if available)
IT Returns (if available)

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Fees & Charges

Processing charges:

Waived upto Aggregate Agriculture exposure upto Rs. 3.00 Lakhs
Above Rs 3 Lakhs - DL/TL 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

Agriculture exposure upto Rs. 3.00 Lakhs- Nil
Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
Above Rs 1 Crore - Rs 5000

Financing Agriclinics & Agribusiness Centres by Agriculture Graduates : Most Important Terms & Conditions (MITC)

Quantum of Loan

Project by individual: Rs.20 Lakhs (Rs. 25 Lakhs in case of extremely successful individual projects)
Project by group of individuals: Rs.20 Lakhs per trained person and overall ceiling of Rs.100 Lakhs, whichever is less, for the purpose of subsidy

Security

For loans up to Rs 5 Lakhs– Hypothecation of assets (No need for collateral security)
For loans above Rs 5 Lakhs– Hypothecation of assets and Mortgage of land or third party guarantee

Repayment Period

Between 5 to 10 years and will depend on the nature of activity. Maximum moratorium of 2 years.

Margin

For loans up to Rs 5 Lakhs– Nil
For loans above Rs 5 Lakhs– 15%

Rate of Interest

Limit upto Rs.3.00 Lakhs	One year MCLR+ SP+ 0.50%
Limit above Rs.3.00 Lakhs and less than Rs.25.00 Lakhs	One Year MCLR+ SP+1.50%
Limit Rs.25 Lakhs and above
For CC/OD & DL of Loan period less than -3- years	One year MCLR+ SP+2.00%
3 years & above and upto 5 years	One year MCLR+ SP+2.10%
Above 5 years and upto 7 years	One year MCLR+ SP+2.15%

Note : The Bank may use the services of agents in sales/marketing etc. of its various products

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What is Agri clinic and Agri business?

It is a program run by the Ministry of Agriculture and Farmers Welfare in association with NABARD to take educate better methods about farming across the country. They facilitate this by Agri Clinic and Agri Business Center, where individuals graduate and are technically qualified.
What is the purpose of the ACABC scheme?

Agri-clinic and Agri-business loan (ACABC) is a scheme which provides technical support and business knowledge to grow every farmer’s business. Agriculture graduates and qualified entrepreneurs help farmers in their journey.