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02-04-2022

Equity Grant Scheme

Equity Grant Scheme extends support to the equity base of Farmer Producer Companies (FPCs) by providing matching equity grants subject to a maximum of Rs. 15.00 lakh per FPC in two tranches within a period of 3 Years and to address nascent and emerging FPCs which have paid-up capital not exceeding Rs. 30.00 lakh with a view to the under noted primary objectives

  • Enhancing viability and sustainability of FPCs
  • Enhancing the creditworthiness of FPCs
  • Enhancing the shareholding of members to increase their ownership and participation in their FPC

Farmer Producing Company Eligibility

S.NoEligibility
1It is a duly registered FPC under Part IX of the Company’s Act, 1956
2It has raised equity from its Members as laid down in its Articles of Association
3The number of its individual shareholders is not lower than 50
4Its paid-up equity does not exceed Rs. 30 lac.
5Minimum 33% of its shareholders are small marginal and landless tenant farmers.
6Maximum shareholding by any one member other than an institutional member is not more that 5% of total equity of the FPC.
7It has a duly elected Board of Directors (BoD) with a minimum of five members, with adequate representation from member farmers, and a minimum of one woman member.
8It has a duly constituted Management Committee responsible for the business of the FPC.
9It has a business plan and budget for the next 18 months that are based on a sustainable, revenue model as may be determined by the implementing Agency.
10The FPC has an Account with a “Bank”.

View Scheme Guidelines

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CIBIL Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIBIL Report (also known as CIR i.e Credit Information Report).
A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time

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