"SFAC" offers an interest-free loan.

Venture Capital Assistance is financial support in the form of an interest free loan provided by SFAC to qualifying projects to meet shortfall in the capital requirement for implementation of the project.

"SFAC" offers an interest-free loan.

SFAC offers qualified projects financial assistance in the form of an interest-free loan to cover any shortfall in the capital needed to carry out the project.

Benefits

Contribute to aiding agripreneurs in building up agribusiness projects by providing financial support

provides funding through the Project Development Facility to help with the preparation of bankable Detailed Project Reports (DPRs) (PDF).

Eligibility

  • Farmers.
  • Producer Groups.
  • Partnership/Proprietary Firms.
  • Self Help Groups.
  • Companies.
  • Agripreneurs.
  • Units in Agri export zones.

Agriculture graduates Individually or in groups for setting up agribusiness projects.

Application Procedure

Only online applications are allowed; offline application forms will not be considered. The pre-application checklist is also provided below.

1. Request letter from the promoter to the managing director of SFAC, New Delhi, on the organization's official letterhead

2. Letter of sanction from the sanctioning authority to the recommending branch

3. Appraisal/Process note approved by the bank holding the sanctioning authority's signature and including the terms of the term loan's sanction

4. current term loan and cash credit account statements (if sanctioned)

  1. Equity Certificate:

a)C.A. certificate for proprietorship or partnership businesses.

b) Form-2 (PAS-3), Form-5 (SH-7), and other documents filed with the ROC in place of Form-23 for Farmer's a list/Backward linkage adequately supported by an agreement.

5. Backward linkage and farmer's list are properly supported by the agreement.

6. Promoters' affidavit stating that they have never used VCA in the past.

7. Unsecured loans that the promoters have raised (If any). CA must be enclosed a certificate.

8.  Report of the most recent Bank inspection.

9. The bank's assurance that it won't release primary and collateral security without SFAC approval.

10. Justification for the working capital margin incorporated into the project cost.

List of Enclosures to be submitted along with the form

  • Request letter from the promoter to the managing director of SFAC, New Delhi, on the organization's official letterhead
  • letter of sanction from the sanctioning authority to the recommending branch
  • Appraisal/Process note approved by the bank holding the sanctioning authority's signature and including the terms of the term loan's sanction
  • the most recent term loan and cash credit account statement (if sanctioned)
  • Equity certificate: a) In the event of partnerships or sole proprietorships, a certificate from the C.A. b)The Company filed Form-2(PAS-3), Form-5(SH-7), and other documentation with the ROC in lieu of Form-23.
  • Backward linking and farmer's list are properly supported by the agreement
  • Promoters' affidavit stating that they have never used VCA in the past
  • Unsecured loans that the promoters have raised (If any). CA must be enclosed a certificate
  • Report of the most recent Bank inspection
  • The bank's assurance that it won't release primary and collateral security without SFAC approval
  • Justification for the working capital margin incorporated into the project cost