Government will give 8.8 lakh subsidy on loan of 20 lakh for agribusiness

Government will give 8.8 lakh subsidy on loan of 20 lakh for agribusiness

The government is making various efforts to bring educated youth into the agriculture sector. Now the central government has prepared a plan to promote agriculture-related business and to add more and more youth. Under this plan, the government is giving a loan of up to 20 lakh rupees for starting a business related to farming.

The person applying will be given a loan of Rs 20 lakhs individually and a group of five persons will get up to Rs 1 crore. On this loan, a 36 percent subsidy will be given to general category applicants and 44 percent to applicants belonging to scheduled castes, tribes, and women.

To get the benefit of this scheme, one has to take 45 days of training. After training, if the person is found eligible for this loan, then NABARD will give him a loan. To join this scheme visit this link https://www.acabcmis.gov.in/ApplicantReg.aspx

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