Linking smallholders to the agri value chain Venture Capital Assistance Scheme Small Farmers Agribusiness Consortium (Dept. of Agriculture and Cooperation) Govt. of India लघ क षकक ष य प रस घ भ रतसरक र, क षम लय 1
About SFAC SFAC is a Society established by DAC, GOI, chaired by Hon. Agriculture Minister RBI, NABARD, PSBs are original promoters of SFAC Notified as financial institution under RBI Act Mission: To link smallholders to investments, technology and markets.
Venture Capital Assistance Scheme (VCA) VCA: It is an interest free loan provided by SFAC, always in conjunction with a bank loan, for setting up of agribusiness projects (including DairyandPoultry)uptoaprojectcostofRs.500lakh VCA Amount: 40% of promoter s equity or Rs. 50.00 lakh whichever is lower in NER/Hilly States (26% of promoter s capital in rest of the country. Minimum project size: Rs. 15.00 lakhs (Rs. 10.00 lakhs in NE and backward districts) Tenure: Same as that of Term Loan sanctioned by bank/fi Individual entrepreneurs, coops, FPOs, SHGs, companies etc. all eligible to apply Assistance to prepare DPRs through empanelled consultants of SFAC/State SFACs
Eligible Lending Institutions 1. SBI and its subsidiaries 2. Nationalized Banks 3. RRBs 4. IDBI 5. SIDBI 6. NABARD 7. NCDC 8. NEDFi 9. Exim-Bank 10.State Financial Corpoation
VENTURE CAPITAL ASSISTANCE SCHEME 3500 3000 2500 2000 1500 1000 500 0 22.89 Cr. 250.43 Cr. 120.17 Cr. 1461.03 Cr. VCA TPC 40.40 Cr. 539.13 Cr. 79.90 Cr. 1079.4 44 Cr. 3330.02 Cr. 264.30 Cr. X Plan XI Plan 2012-13 2013-14 Total Total VCA disbursed Rs. 264.30 Cr ; Total Project Value: Rs.3330.02 Cr benefitting approximately 1.20 lakh farmers; generating employment of 53364 persons.
900 800 700 600 500 400 VENTURE CAPITAL ASSISTANCE SCHEME Physical Status 32 25 409 TARGET ACHIEVEMENT 690 850 300 200 100 85 100 100 125 180 213 0 X Plan XI Plan 2012-13 2013-14 Total
State-wise break-up 850 Projects Maharashtra 199 Madhya Pradesh 11 Uttar Pradesh 121 Nagaland 09 Karnataka 94 Manipur 08 Gujarat 67 Chhattisgarh 04 Tamil Nadu 66 West Bengal 04 Rajasthan 41 Arunachal Pradesh 03 Haryana 40 Meghalaya 02 Himachal Pradesh 38 Tripura 01 Kerala 35 Goa 01 Jammu & Kashmir 31 Bihar 01 Uttarakhand 25 Jharkhand 01 Andhra Pradesh 19 Mizoram 01 Assam 15 Orissa 01 Punjab 12
North Easter Region Assam 15 Nagaland 09 Manipur 07 ArunachalPradesh 03 Meghalaya 02 Tripura 01 Mizoram 01
Activity-wise break-up 850 Projects Cold storage 228 Bamboo 7 Misc. fruits & vegetables 139 Pineapple 8 Mango 53 Potato chips 9 Cashew 57 Sago 6 Grapes/Raisin 49 Banana Ripening 6 Onion & Garlic Dehydration 31 Ginger 4 Coconut 35 Honey 3 Poly house 30 Patchouli (medicinal plant) 3 Guar Gum 34 Pomegranates 3 Mushroom 21 Chicory 2 Herbal Extracts 11 Coconut shell charcoal 2 Misc. Spices 11 Lavender Oil 2 Pickles/Sauces/Jam 12 Nutmeg/Pepper 2 Fisheries 11 Anticancer drug /Menthol mint 2 Gherkins 9 Cardamom/Organic compost 2 Peas 9 Ester/Bio-Fuel/Lemon Grass 2 Aloe Vera 7 Bio-Diesel from Jatropha 1
37 Others Bank-wise VCA Sanctions of 850 projects 180 180 160 140 120 92 79 65 67 51 39 31 33 27 23 21 24 17 15 17 13 10 9 100 80 60 40 20 0 Indian Overseas Bank Allahabad Bank Vijaya Bank Uco Bank United Bank of India IDBI Bank Corporation Bank Indian Bank Oriental Bank of Commerce Central Bank of India Jammu & Kashmir Bank Ltd. Union Bank of India Syndicate Bank Bank of Baroda Punjab National Bank Bank of India Canara Bank Bank of Maharashtra State Bank of India & its Associates
AMOUNT WISE BREAK UP OF VCA Range Total No. of VCA Projects Total amount of VCA (Rs. in Crores) Below 25.00 lakh 451 59.18 Rs. 25.00 Lakh - Rs. 50.00 Lakh 243 86.75 Rs. 50.00 Lakh - Rs. 100.00 Lakh 145 98.27 Above Rs. 100.00 lakh 11 20.10 Total 850 264.30
Processing units funded by SFAC under VCA scheme Guar gum processing units (18) Frozen Peas IQF units (14) Udham Singh Nagar Onion & Garlic dehydration units (32) Jodhpur Bhavnagar Grapes export /raisin /winery (48) Nashik Cashew nut processing units (36) Udupi Chittoor Mango processing units (44) Krishnagiri Coconut Processing(22) Ernakulam, Kannur, Thrissur, Kanhangad, K ottayam, Malappuram, Pathanamthitta, Ko zhikkode, Palakkad, Melattur, Meppayur
VCA in XII Plan Proposed outlay: Rs 500 crores No. of units to be invested: 1000 Focus on farmer producer organisations Lowering investment threshold from Rs. 50 lakhs to Rs. 10 lakhs(lower for NE/backward) Increasing number of FI partners Expanding list of eligible activities to include agri services, dairy and poultry
Issues for banks Awareness building among branches about both Schemes Identification of cases for sponsorship Identification of cases for preparing DPRs Participation in SFAC-sponsored district level awareness camps