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Nabard subsidy for bio-fertiliser units

Nabard subsidy for bio-fertiliser units
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For the former, subsidy to the tune of 25 percent of project cost up to Rs 40 lakh whichever is lower will be permitted. For the later, subsidy to the tune of 33 percent or Rs 63 lakh (the same condition of whichever is lower) is given. The interested can utilise the scheme on or before March 31, 2017.   

Kakinada: The National Bank for Agriculture and Rural Development (Nabard), as part of extension of support to agriculture sector in a big way, has started two schemes recently. The first scheme supports units of bio-fertilisers and bio-pesticides. The second one fruit and vegetable waste compost units.

For the former, subsidy to the tune of 25 percent of project cost up to Rs 40 lakh whichever is lower will be permitted. For the later, subsidy to the tune of 33 percent or Rs 63 lakh (the same condition of whichever is lower) is given. The interested can utilise the scheme on or before March 31, 2017.

As far as fruit and vegetable waste vermi-compost is concerned, it will be of immense use as natural fertiliser.
The Nabard has also extended the date tor taking up construction of rural godowns for food grain storage for SC/ST social sections up to March 31, 2017.

Under this scheme, construction of rural godowns from 100 MT to 30,000 MT can avail 33 percent subsidy up to Rs 3 crore to the maximum extent. The construction can be taken up in rural and municipal areas only and will not be permitted in cities.

According to assistant general manager (AGM) of Nabard Dr K V S Prasad, the first two schemes-- bio fertiliser and pesticide units and the fruit and vegetable compost units-- are applicable to all social sections and the godowns scheme is strictly for SC/ST social sections.

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