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Small Farmer's Agri-Business Consortium (SFAC) (link small farmers to…
Small Farmer's Agri-Business Consortium (SFAC)
autonomous society
promoted by Union Ministry of Agriculture, Co-operation and Farmers' Welfare
established in 1994
registered under Societies Registration Act 1860
also registered as Non-Banking Financial Institution (NBFC) by Reserve Bank of India
link small farmers to agricultural value chain
investments
technology
markets
Venture Capital Assistance (VCA)
facilitate agri-business ventures by catalysing private investment
Project Development Facility (PDF)
Price Stabilisation Fund
Department of Consumer Affairs
SFAC is one of the Central Procurement Agencies for pulses and oilseeds under Price Stabilisation Fund
implementations of projects like
Delhi Kisan Mandi
National Agricultural Market Scheme
e-platform initiatives for farmer welfare
State level SFAC as counterpart agency of Central SFAC
Scheme envisaged a corpus contribution from Central SFAC of Rs. 50.00 lakh to each State which establishes a State Level SFAC
So far, 21 States
role of State SFACs
aggressively promote agribusiness project development in their respective States
Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs)
Equity Grant and Credit Guarantee Fund Scheme
A grant of upto Rs. 10.00 lakh to each registered Farmer Producer Company is given to match the member equity raised by the institution
Credit Guarantee Fund (CGF) has been set up in SFAC with a corpus of Rs. 100.00 Crores. The CGF will offer a cover of 85% to loans extended by banks to Farmer Producer Companies without collateral, upto a maximum of Rs. 1.00 Crore
registered under the special provisions
of the Companies Act, 1956
Farmer Producer Organizations (FPOs)
National Cooperative Development Corporation (NCDC) will support
support from empanelled Resource Insittutes
collectivization of Producers especially small and marginal farmers so as to form an effective alliance to collectively address many challenges of agriculture