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Subsidy to Set Up a Hydroponic Farm

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Subsidy to Set Up a Hydroponic Farm

Hydroponic farming is one of the latest technological advancements in agriculture.

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Subsidy to Set Up a Hydroponic Farm

The National Horticulture Board of India provides the subsidy for a hydroponic farm set up under the Scheme-1 named Development of Commercial Horticulture through Production and Post-harvest Management of Horticulture Crops.

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Subsidy to Set Up a Hydroponic Farm

Following are eligible to get subsidy under the National Horticulture Board scheme: – Individuals – Companies – Cooperatives – NGOs – Farmers Producer Organization (FPOs)

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Subsidy to Set Up a Hydroponic Farm

Following are eligible to get subsidy under the National Horticulture Board scheme: – Self Help Groups (SHGs) – Co-operative Marketing Federations – Partnership/Proprietary Firms – Agricultural Produce Marketing Committees (APMC) – Agro-Industries Corporations

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Subsidy to Set Up a Hydroponic Farm

Avail term loan from the Nationalized Banks/Financial Institutions such as: – NABARD – SIDBI – IDBI – State Industrial Development Corporations – State Financial Corporations

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Subsidy to Set Up a Hydroponic Farm

Avail term loan from the Nationalized Banks/Financial Institutions such as: – NBFCs – National SCST/minorities/Backward- Classes Financial and Development Corporation – Cooperative Banks

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Subsidy to Set Up a Hydroponic Farm

Other Criteria – The project should be implemented within two years from the date of sanction of the loan.

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Subsidy to Set Up a Hydroponic Farm

Other Criteria – The project should be in an area of more than 1000 sq. meters to be eligible for the subsidy under the National Horticulture Board scheme. FOR MORE -