Warehouse Subsidy
Agriculture, one of India’s most prominent and essential industries, goes hand-in-hand with warehousing. With the ever-increasing agriculture sector, the demand for warehouses is also rising. To help the industry, the Government of India developed this capital investment subsidy scheme on 1st April 2001- Gramin Bhandaran Yojana for the rural areas. The project’s objective is to provide a subsidy on warehouse construction to the farmers to build or renovate proper godowns to store their produce.
The Central Government warehouse scheme allows the farmers to make suitable storage units to protect their produce and harvest from rain and other animals. To be eligible for the loan under this scheme, the applicants must fulfil and follow these NABARD guidelines for warehouse construction.
Further details of the NABARD loan for a warehouse are given in the table below.
Category | Remarks |
Who is eligible? | Entrepreneurs, companies, cooperatives, NGOs, farmers’ groups, etc. |
The scheme covers | Construction or repair of warehouses, cold storage, and silos. |
Minimum capacity of storage unit |
|
Loan amount |
|
Covers the cost of | Boundary wall, platform, internal drainage system, grading, packaging, internal road system, etc. |
Documents required | As per the guidelines of Inspection Department, Law Department, and Risk Management Departments |
Loan Repayment | Min. 2 years moratorium with interest payment |
Loan interest rate | As per Rural Infrastructure Development Fund interest rates. |
Loan Tenure | More than 7 years |
Insurance coverage | The applicant must get insurance for the asset to get the loan. |
The further proceedings include inspection and loan approval from the respective banks under this scheme.
The application for the government subsidy on warehouse requires documents as mentioned in the various schemes specified. The primary documents required are,
The warehouse subsidy scheme is available in all states of India. You can contact the state government or the local authorities for more details on this scheme.
Note: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. Pesticides are a considerable risk of loss in crops and viewers are advised to do their own research before making any decisions.
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