Eligible schemes for Refinance under Non-farm Sector

Automatic Refinance Scheme (ARF)

The various schemes formulated over the years have been categorized into five distinct and co.mpact schemes.

  1. Composite Loan Scheme (CLS)

    Under this scheme refinance is given to meet the block and /or working capital requirements of small/micro enterprises.  Max. refinance of 10 lakh per unit.

  2.  Integrated Loan Scheme (ILS)

    Under this scheme refinance is given to block capital and working capital for one operating cycle.  Max. Refinance of 15 lakh per borrower.

  3. Self Employment Scheme for Exservicemen (SEMFEX)

    The scheme has been in operation since 15 January 1988 which is specially designed to provide a comprehensive package of credit for encouraging ex-servicemen to undertake agricultural and allied activities or to set up non-farm units in rural areas to earn their livelihood for leading a dignified life.  NABARD provides refinance assistance under  Automatic Refinance Facility (ARF) to eligible banks for a wide spectrum of manufacturing, processing and service sector activities under RNFS (Investment Credit).

  4. Soft Loan Assistance for Margin Money (SLAMM)

    The scheme is to provide financial assistance to the prospective entrepreneurs who have the requisite talent and skill of entrepreneurship but lack necessary monetary resources to meet the margin requirements stipulated under relevant NABARD refinance schemes.

  5. Small Road and Water Transport Operators (SRWTO)

    Under this scheme the facilities for acquisition of transport vehicles, which are to be used for transportation of farm produce/industrial products to rural/urban marketing centers including passenger transport vehicle and water transport units.  Margin money assistance will be extended on a very selective basis up to 10% of the cost of the vehicle.

Rural Housing

Housing in the rural areas, both agriculturist and  non-agriculturists, combine the business as well as dwelling needs and thereby leads to overall rural development, NABARD is giving refinance (investment credit) to the eligible banks.

Renewable Energy

While addressing India’s energy security challenges, Ministry of New and Renewable Energy (MNRE), Government of India and the Jawaharlal Nehru National Solar Mission (JNNSM). In order to achieve this objective, the MNRE has launched a capital cum interest subsidy scheme for creation of off-grid, decentralised solar powered energy harvesting devices through application of photo voltaic technology for the purpose of lighting, heating, etc. at the level of domestic and mini commercial applications.  NABARD is the nodal agency for giving feasibility and Refinance for eligible projects.

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