Strengthening of Agricultural Marketing Infrastructure, Classification and Standardization (AMIGS) will be merged as AMI] (ii) Marketing Research and Information Network (MRIN) (iii) Strengthening of Agmark classification facilities (SAGF), (iv) Development of of Agribusiness (ABD) ) through Venture Capital Assistance (VCA) and Project Development Institution (PDF) and (v) Choudhary Charan Singh National Institute of Agriculture Marketing (NIAM). For functional infrastructure projects (except storage projects) where plant and machinery will be installed in a civil structure, the cost of plant and machinery must be more than 25% of the project's Total Financial Outlay (TFO).
CHANNELISING AGENCIES FOR RELEASE OF SUBSIDY
PROMOTER’S CONTRIBUTION & TERM LOAN
SUBSIDY PATTERN
FOR STORAGE INFRASTRUCTURE PROJECTS
- Capital cost of the project for the purpose of subsidy will be calculated on the project cost as appraised by financial institution or actual cost of eligible components
FOR INFRASTRUCTURE PROJECTS OTHER THAN STORAGE INFRASTRUCTURE: Capital cost of the project for the purpose of subsidy will be
SUBSIDY CEILING
- For land based projects
- For non-land based projects
For example, if a promoter has already availed the benefit of the scheme during the XII Plan period in a district, the maximum benefit eligible under this provision will be limited to maximum subsidy allowed less the subsidy already availed. For the purpose of calculation of the maximum subsidy allowed, all the projects which have been sanctioned under erstwhile AMIGS and RGY since 1.4.2012 will be treated as if they were sanctioned under this sub-scheme.
RELEASE OF FUNDS AND SUBSIDY
FOR PROJECTS PROCESSED BY NABARD
- Release of Subsidy by DAC to NABARD: At the commencement of each financial year, based on the Administrative Approval, 50% of the annual budget
- Advance subsidy: NABARD will release advance subsidy to the FI for keeping the same in a Subsidy Reserve Fund (SRF) account of the concerned
- Final subsidy: Remaining 50% of the eligible subsidy amount will be released to the FI by NABARD after an inspection and recommendation by a Joint
The balance allocation will be released on submission of provisional utilization certificate in prescribed format (Annexure VIII) by NABARD indicating 60% utilization of the total fund available in the current financial year and audited utilization certificate and account statement in respect of allocation released in the foregoing. year. This amount of 50% eligible subsidy will be released by NABARD to the FI on submission of a project profile-cum-claim form (Annexure IX) complying with sub-scheme guidelines.
FOR PROJECTS PROCESSED BY NCDC
FOR OWN FUNDED STATE AGENCY PROJECTS
ADJUSTMENT OF SUBSIDY IN BORROWER’S ACCOUNT
TIME SCHEDULE FOR SUBMISSION OF APPLICATION AND COMPLETION OF PROJECT
FORALL CREDIT LINKED PROJECTS PROCESSED BY NABARD AND NCDC
The deadline for completing and submitting the documents for the final subsidy will be as follows: The subsidy rate will be reduced by 1% for delays of each month or part thereof.
FOR OWN FUNDED STATE AGENCY PROJECTS
LAND AND LOCATION
Subsidy will also be available for projects built on registered lease land granted by Urban Development Authorities, Industrial Development and Infrastructure Corporations of State Government/ Union Territories, Food Parks sanctioned by Ministry of Manufacturing Industries Food (MFPI) etc. In case of lease of land, allotted by Urban Development Authorities, Industrial Development and Infrastructure Corporations of State Government/ Union Territories, Food Parks sanctioned by Ministry of Food Processing Industries (MPPI) etc., irrespective of lease duration, lease premium paid or one time cost paid not more than 10% of the project cost can be part of the promoter's contribution. iii).
CAPACITY OF STORAGE INFRASTRUCTURE PROJECTS
In the case of owned land, land cost at market value or purchase price as indicated in the registered deed of sale whichever is the lowest, maximum 10%. of the project costs may form part of the promoter's contribution. ii). In case of storage infrastructure with RCC roof, the height of the ceiling minus one meter will be considered.
IMPORTANT TECHNICAL SPECIFICATIONS FOR STORAGE INFRASTRUCTURE PROJECTS
STRUCTURAL SPECIFICATIONS
OTHER TECHNICAL SPECIFICATIONS
MANAGEMENT PRACTICES FOR STORAGE INFRASTRUCTURE
PLEDGE FINANCE
PROJECTS PROCESSED BY NABARD
RELEASE OF ADVANCE SUBSIDY
NABARD, RO will prepare monthly list of the sanctioned projects and advance grant released and forward it to DMI RO/SO. NABARD, HO will prepare a monthly list of the sanctioned projects and released advance grant and send it to the DMI head office.
JOINT INSPECTION AND RELEASE OF FINAL SUBSIDY
The joint inspection will be done within 60 days of receipt of documents/information from the FI. NABARD, HO will compile a monthly list of the approved projects and final subsidy released and send it to the Head Office of DMI.
PROJECTS PROCESSED BY NCDC
To enable PRIs to play this role effectively, District Panchayats will be kept informed by DMI, RO / SO about all approved projects and subsidies disbursed in their areas. In areas where part IX of the constitution does not apply, this information should be shared with the equivalent rural local bodies.
OWN FUNDED STATE AGENCY PROJECTS
A copy of the complete set of proposal may also be endorsed to RO / SO, DMI. Advance grant will be released after approval of the project by the Sanctioning Committee.
OTHER CONDITIONS
A statement shall be submitted with the application stating that no use has been made of the subsidy and that no use will be made of any other central government scheme. A statement to this effect will be submitted by the promoter when submitting the project proposal.
MONITORING
These agencies would be empowered to automatically debit the processing costs from the funds received from the DAC upon release of the final grant and this will be reflected in the utilization certificate they are required to submit. A review of the progress of collaborative projects will be done quarterly by the Regional/Sub-Directorates of DMI with NCDC under the chairmanship of the Regional Director of NCDC in the respective country.
GENERAL AWARENESS AND TRAINING PROGRAMME
FINANCIAL OUTLAY FOR THE XII PLAN
कृषी विपणन सल्लागार, पणन आणि निरीक्षण संचालनालय रुक्मिणीगाव, नवरत्न रोड, H.No.09, पहिला मजला, P.O.खानपारा गुवाहाटी-781022. कृषी विपणन सल्लागार, विपणन आणि निरीक्षण संचालनालय 4था मजला, केंद्रीय सदन, से. 10 विद्याधर नगर, जयपूर - 302023 Ph.
Scenario two: Ancillary/ supporting infrastructure more than 25% of TFO
According to the project report (Rs.). 10. Brief report of the infrastructure created within the project. component description). It is verified that the created infrastructure object is according to the technical specifications provided in the sub-scheme instructions and the project proposal.
Format for Utilization Certificate
FORMAT FOR CLAIMING FIRST INSTALLMENT OF SUBSIDY FOR OWN FUNDED
Progress of sub Scheme AMI
State-wise Progress of sub Scheme AMI
Name of the State:-
MARKET RESEARCH AND INFORMATION NETWORK (MRIN)
- INTRODUCTION
- OBJECTIVES
- IMPLEMENTATION PLAN
- PROCEDURE FOR SANCTION OF ASSISTANCE UNDER THE SUB SCHEME 1 The State Agricultural Marketing Boards/ Directorates/ other institutes will identify the
- MONITORING AND EVALUATION
- FINANCIAL OUTLAY
- N Item/activity 2012‐13 2013‐14 2014‐15 2015‐16 2016‐17 Total
ASSISTANCE UNDER MRIN: State Boards/Directorates/Departments/NICs for Agricultural Marketing (as the case may be) will be provided funds under the grant-in-aid sub-scheme. Preference for sanctions will be given to countries that are actively interested in the implementation of the sub-scheme.
Strengthening of Agmark Grading Facilities (SAGF)
- INTRODUCTION
- The main objectives of the sub scheme are
- Implementing Agency
- Infrastructure for the Grading & Standardization Programme
- Framing and Revision of Grade Standards
- Framing of Grade Standards
- Revision of Grade Standards
- Harmonization of Grade Standards
- Focus on enhancement of income of the farmers
- Utilization of funds under the Sub Scheme
- Certification for Domestic Market
- Certification for Exports
- Revision of Guidelines relating to Agmark Certification Programme
- Physical Targets
- Financial Outlay
Quality standards notified under the provisions of the Act are regularly revised to keep pace with the development of new varieties of agricultural products and technological advancements. The laboratory chemist is trained in one of Agmark's regional laboratories (RALs) and is approved to carry out assessment and marking.
AGRIBUSINESS DEVELOPMENT THROUGH VENTURE CAPITAL ASSISTANCE AND PROJECT DEVELOPMENT FACILITY
Salient features of the sub-scheme
- Venture Capital Assistance: SFAC would provide Venture Capital to qualifying projects on the recommendations of the bank/notified financial institution financing the
- Project Development Facility
This venture capital will be repayable to SFAC upon repayment of the term loan to the lending bank/notified financial institution as per the original repayment schedule or earlier. Based on the activity and location of the project, SFAC will entrust the preparation of the DPR to one of the consultants on its panel. f) SFAC will provide the empowered consultant with the cost of preparing the DPR. g) The DPR received from SFAC or directly from the consultant will be scrutinized in detail by the lending bank/financial institution notified for sanctioning the term loan and release of venture capital.
Eligible Persons
SFAC will provide the cost of preparing the DPR depending on the agro-entrepreneur's financial status, size, location, activity and coverage on a case-by-case basis. Upon receipt of the proposal from the notified bank/financial institution indicating the sanction of the term loan and the request of the VCA;
Role of State SFACs
Role of Agripreneurs
Eligible Financing Institutions
FINANCIAL OUTLAY
Monitoring and Reporting
However, the request for re-phasing of VCA can be exercised only once by the Bank/notified FI/Promoters. Entrepreneurs receive prior approval from the SFAC through their lending bank/registered financial institution to switch banks.
Implementation period
In addition to the above standard reporting by the bank/notified financial institution, it would also provide the SFAC with project specific information, if any, which it may seek from time to time. The officials/representatives of the SFAC will independently or in collaboration with the lending bank/notified financial institution or the State Government/State SFAC undertake field visits to monitor the implementation of the project. f) Change of bank during VCA currency.
Implementing Agency
As part of due diligence, SFAC through its officials or authorized representatives will undertake field visits to ascertain the linkages with the farmers, feasibility of the site, availability of raw material, etc. This facility can be used by the promoter only once per term of the Venture Capital Assistance. g) The SFAC shall submit a quarterly report to the DAC on 31 March, 30 June, 30 September and 31 December each year, giving a summary account of (i) the total number of projects at the annual level and the amount of VCA of sanctioned so far; (ii) the total number of projects including the total amount of which VCA recovery was made and the actual recovery against the due recovery amount; (iii) details of cases of default and the amount involved, including action taken for recovery in such cases as well as action taken for repayment in critical cases, if any.
General awareness, publicity and training programme
The services of the banking institutions will also be engaged to make the branch managers and other functionaries aware of the sub-scheme.
Mechanism for recovery of overdue VCA
Power to make amendments to the sub-scheme
This agreement for SFAC venture capital assistance operations with participating lending bank/notified financial institution will synergize their functions, competencies and projected sector development. Whereas SFAC and the Bank/ Notified financial institution desire to establish a formal operational framework to achieve the objectives of agribusiness.
Responsibilities of the Bank/Notified financial institution (notified FI)
The notified bank/FI will indicate the amount of venture capital support from SFAC while processing the financing model for qualifying projects. The notified bank/FI will also indicate when the venture capital funds will be required for the implementation of the project.
Responsibilities of SFAC
SFAC will forward proposals received from State Level Officers/ State Level SFACs to the Nodal Officer of the Bank/Notified FI or Regional/Zonal Offices of the Bank/Notified FI for consideration. SFAC's PDF will arrange to get the DPR prepared by a consultant in its panel immediately upon receipt of request from the bank/notified FI after satisfying the pre-feasibility report.
Reporting and Exchange of Information
The bank/notifying FI shall also keep SFAC apprised of any significant developments regarding the operation of the projects, their implementation and unsatisfactory features noticed by them. Although it may not be considered prudent to consult SFAC before taking such steps, SFAC will be informed of the steps taken by the bank/notified FI at the earliest.
Parties Independent Decisions
The notified bank/FI will also keep the SFAC informed of any recovery action initiated by them in case of failure of the unit to perform or inability of borrowers to meet financial commitments. Any notice given by the borrower to prepay all or any part of the loan disbursed pursuant to the Agreement with such party and any amount thereof actually prepaid.
Arbitration
Channel of communication and notices
Final Provisions
That the lending bank/notified financial institution will retain encumbrances on the assets (movable/immovable) of the unit until the full repayment of their term loan as per the initial schedule laid down. That the Borrower should submit their audited Balance Sheet/Financial Statement along with a confirmation letter every year (i.e. balance sheet date) regarding the outstanding amount of venture capital in their book which is refundable upon repayment of the long-term loan of the notified bank/financial institution.
Choudhary Charan Singh National Institute of Agricultural Marketing (NIAM)
- OBJECTIVES OF THE SUBSCHEME
- Capacity Building/ Training
- Research Activities
- Policy Advocacy
- PHYSICAL TARGETS & BUDGET OUTLAYS
- PROCEDURE FOR RELEASE OF GRANT
- MONITORING& EVALUATION
Similarly, the Institute can cooperate with the other international agencies that work in the field of agricultural marketing, agribusiness etc. work through capacity building, research and faculty exchange programmes. The consultancy assignments in the above areas will be taken up by the Institute.
