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The main functions of SFAC are:
At present, SFAC is implementing the following schemes:
Agri-Business Development (ABD) through Venture Capital Assistance (VCA) and Project Development Facility (PDF): The Scheme aims to facilitate the promotion of agri-business projects establishing backward linkages with farmers, providing assured market to their produce, thereby generating employment and enhancing farmers’ income. SFAC partnership with various PSU banks has so far helped support 1674 projects across the country, investing a total of Rs. 495.36 Crores in venture and helping to leverage Rs. 5950.76 Crores in total project investment. This has created 81396 direct employment and linked approximately 1.53 lakhs Farmers to these units. Equity Grant and Credit Guarantee Fund Scheme for Farmer Producer Companies:The scheme has two components as given below: (a) 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. This enhances the equity base of the FPC and enable it to approach financial institutions for raising working capital. SFAC has been sanctioned Equity Grant to 127 Farmer Producer Companies amounting to Rs.7.04 Crore to enable them to leverage working capital from financial institutions. (b) 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. Under the Scheme, 21 projects in five states have been sanctioned credit guarantee of Rs. 9.31 Crore till date. State-wise details are as below:
Price Stabilisation Fund: SFAC is one of the Central Procurement Agencies for pulses and oilseeds under Price Stabilisation Fund of Department of Consumer Affairs.
By: Vishal ProfileResourcesReport error
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