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Government Agriculture Schemes

Agriclinics & Agribusiness Centres (ACABC) Scheme

Unemployed graduates or diploma holders in agriculture would be be supported by banks under the Agriclinics & Agribusiness Centres (ACABC) Scheme of the Union Government. “These clinics would set up units which could help in transferring modern agricultural technology to farmers,” said G. Ramesh Kumar, AGM, NABARD.

He was addressing a workshop on the centrally sponsored ACABC scheme for Siddipet, Sangareddy and Medak districts on Thursday at Hyderabad.

Mr. Ramesh said that graduates and diploma holders who were qualified under the scheme would be encouraged by NABARD and other banks to venture into input testing services (soil & water quality), hi-tech agriculture and horticulture units, custom hiring centres, fertiliser and pesticide shops, scientific dairy, poultry and sheep units and mushroom cultivation, according to a release.

Under the scheme, individuals would be extended supported up to ₹20 lakh and a group of five would receive ₹1 crore support. Under the scheme, capital subsidy to the extent of 36% would be give to people from the general category and 44% for women and people from SC, ST communities.

MANAGE consultant Jyothi Todd said that they would be extending hand holding support for a period of one year for the entrepreneurs.

Raja Gopal, chief manager, SBI, RBO, Ramachandrapuram, opined that increasing financing under various subsidy schemes would help banks increase their investment credit portfolio.

Source: http://www.thehindu.com/