Kamal Jeet

Amount in Default Amount in Default means the principal and interest amount outstanding in the account(s) of the Farmer Producer Company (FPC) Borrower in respect of term loan and working capital facilities (including interest), as on the date of the account becoming Non Performing Asset (NPA), or the date of lodging claim application/recall of advance, whichever is earlier or such of the date as may be specified by SFAC for preferring any claim against the guarantee cover, subject to a maximum of amount Guaranteed and shall not include penal interest, other charges and any other costs debited to the FPC …

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Application for Equity Grant Fund Eligible FPCs that meet the eligibility criteria detailed in Section 5, shall apply for the Equity Grant Other mandatory documents required to be submitted along with the Application are listed below: Shareholder List and Share Capital contribution by each member verified and certified by a Chartered Accountant (CA) prior to submission. Resolution of the FPC Board/Governing Council to seek Equity Grant for members. Consent of shareholders, stating the name of the shareholder, gender, number of shares held, the face value of shares, land holding, signifying consent for SFAC to directly transfer the equity Grant sanctioned …

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The Equity Grant Fund enables eligible FPCs to receive a grant equivalent in amount to the equity contribution of their shareholder members in the FPC, thus enhancing the overall capital base of the FPC. The Scheme shall address nascent and emerging FPCs, which have paid up capital not exceeding Rs. 30 lakh as on the date of application. The Equity Grant shall be sanctioned to eligible FPCs as follows: Equity Grant shall be a cash infusion equivalent to the amount of shareholder equity in the FPC subject to a cap of Rs. 10 lakh per FPC. Equity Grant sanctioned shall …

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Objectives of Equity Grant Fund The Equity Grant Fund has been set up with the primary objectives of: Enhancing viability and sustainability of FPCs; Increasing credit worthiness of FPCs; Enhancing the shareholding of members to increase their ownership and participation in their FPC. Eligibility Criteria An FPC shall be eligible to apply for Equity Grant under the Scheme based on its fulfilling the following criteria: It is a duly registered Farmer Producer Company. It has raised equity from its Members as laid down in its Articles of Association. The number of its Individual Shareholders is not lower than 50. Its …

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BANK Bank means a Scheduled Commercial Bank included in the Second Schedule to the Reserve Bank of India Act, 1934, Regional Rural Banks or any other Institution(s) as may be directed by the Board of SFAC or Ministry of Agriculture, Government of India(GoI) from time to time; BOARD Board means any form of Governing Body of the FPC such as Board of Directors; EQUITY Equity means the amount of share capital contributed by the Shareholder Members (farmer producers/ institutions of farmer producers) of FPC; EGF EGF means Equity Grant Fund created at SFAC, for providing Equity Grant to FPCs; FARMER …

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SFAC यानी स्माल फार्मर्स एग्रीबिजनेस कंसोर्टियम, यह एक केंद्र सरकार द्वारा गठित एक संस्था है जिसका उद्देश्य किसान समूहों की मदद करना है SFAC से सम्बन्धित दस्तावेजों में बहुत सारे Acronyms का प्रयोग होता है जिससे किसान भाई अनजान होते हैं और उन्हें दस्त्वेजों को समझने में दिक्कत का सामना करना पड़ता है मैंने SFAC के दस्तावेजों को पढ़ कर अनेक acronyms ढूंढे हैं जिनका वर्णन नीचे विस्तार से लिख रहा हूँ ताकि आपको समझने में कोई दिक्कत ना हो और आपके ज्ञान में वृद्धि हो EGCGFS- Equity Grant and Credit Guarantee Fund Scheme FY- Financial Year GoI- Government of …

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