• Small Farmers’ Agri-Business Consortium

    "Society promoted by Department of Agriculture and Farmers Welfare, Ministry of
    Agriculture and Farmers Welfare, Govt. of India"

Extension of last date for applying for the posts of Director (PDF), DD (PDF) & Accounts Officer - 30.09.2022 | Engagement of one position of Consultant (Value Chain) in SFAC | Engagement of one position of Consultant in SFAC in Guwahati, Assam | Office Order - Appointment of CPIO - FAA under the RTI Act, 2005 | Extension of last date for applying for the posts of Director (PDF), DD (PDF) & Accounts Officer | Standard Operating Procedures - Post Harvest Management of Honey under the Central Sector Scheme for Formation & Promotion of 10,000 FPOs Addendum to Operational Guidelines (OG) of Formation & Promotion of 10,000 FPOs | Vacancy Notification for appointment of Director (PDF), Deputy Director (PDF) & Accounts Officer on deputation including short term contract basis | Employment News 02.07.2022 |
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Home   procedure for Equity Grant Scheme

procedure for Equity Grant Scheme

Eligibility

S.No Eligibility
1 It is a duly registered FPC under Part IX of Company’s Act, 1956
2 It has raised equity from its Members as laid down in its Articles of Association
3 The number of its individual shareholders is not lower than 50
4 Its paid up equity does not exceed Rs. 30 lac.
5 Minimum 33% of its shareholders are small marginal and landless tenant farmers.
6 Maximum shareholding by any one member other than an institutional member is not more that 5% of total equity of the FPC.
7 It has a duly elected Board of Directors (BoD) with a minimum of five members, with adequate representation from member farmers and minimum one woman member.
8 It has a duly constituted Management Committee responsible for the business of the FPC.
9 It has a business plan and budget for next 18 months that is based on a sustainable, revenue model as may be determined by the implementing Agency.
10 The FPC has an Account with a “Bank”.
Online Application Form

Checklist

S.No Checklist
1 Application on prescribed form duly signed by two Board Members/Authorised Representative of FPC on each page.
2 category wise allotment pattern of shares of FPC and proposed computation of allotment of shares out of Equity Grant may be submitted on the lines of Annexure-I.
3 Resolution of the FPC Board/Governing Council to seek Equity Grant, issue of shares to the shareholders against Equity Grant and transfer of shares (issued against Equity Grant) in case of exit of any shareholder from FPC may be submitted on the lines of Annexure -II.
4 The Resolution will be ratified in the next AGM of the FPC may be submitted on the lines of Annexure -III.
5 Resolution (No appointment letter required) for appointment of Chief Executive officer of Company
6 Audited Financial Statements for last financial year.
7 Photocopy of Bank Account Statement for last six months duly authenticated by the Branch Manager of the Bank.
8 KYC documents of only those Representatives/Directors authorised by the Board of FPC for executing and signing documents with SFAC.
9 Certificate of incorporation/commencement of business, Memorandum of Association/Articles of Association.
10 Business plan for 18 months