Nature of Loan - PODF-PACS-MSC (GODOWN)
Rate of Interest - 11.00%
Installment/ Period - 7 Year
Details (Purpose) - NABARD assistance for construction of Godown/ Building
The main objectives of the scheme include creation of scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce, consumer articles and agricultural inputs; promotion of grading, standardization and quality control of agricultural produce to improve their marketability; prevention of distress sale immediately after harvest, promotion of pledge financing and marketing credit and to strengthen agricultural marketing infrastructure in the country for the introduction of a national system of warehouse receipts in respect of agricultural commodities stored in such godowns. However, the materials used and design of the godown would depend upon the produce proposed to be stored.