Rs. 50 Lacs as Interest-Free Loans for Agro & Food Processing Sector

“Agriculture ministry is giving loans without any interest cost”

The agriculture ministry of India is running an interest-free loan scheme for all the new projects or expansion of the current project, which are belonging to Agro & Food processing sector (including fisheries and poultry farms). This scheme is applicable nationwide.

This loan will be given as a capital assistance and up to Rs. 50 Lacs can be availed under this scheme (depends on eligibility calculation). This entire soft loan amount received can be used by the beneficiary for a maximum of 7 years from the date of receiving and after that this amount is payable. Not even single rupee will be charged as interest on this sum.

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