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NABARD offers 44% subsidy for setting up agribusiness units 

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Holds workshop on ACABC scheme in Anantnag

Srinagar, Sept 22: To support agriculture development, create employment for agriculture graduates and extend extension services to farmers, a new scheme has been announced under NABARD for establishing Agri Clinics and AgriBusiness Centers (ACABC).

In this connection, a district-level workshop was organised by NABARD at Krishi Vigyan Kendra (SKUAST) Anantnag, according to a statement. 

DDM NABARD Rouf Zargar inaugurated the workshop, attended by agriculture graduates of the district, besides the district heads of Agriculture, Horticulture, SKUAST, and Banks were also present.  

Giving the details about the scheme, DDM said that it aims to provide business opportunities to unemployed agriculture graduates and the doorstep delivery of agricultural extension services to farmers to cater for their local needs and affordability. These clinics/business centres shall provide expert advice and services to farmers on various technologies.  

DDM informed that the requisite 60 days of training would be provided to applicants free of cost by the National Institute of Agricultural Extension Management (MANAGE), through Nodal Training Institutes (NTIs). After the training, the applicants will be provided with a bank loan ranging from Rs 20 lakh to Rs 1 crore (individual or group) to start the unit. NABARD will channelise the 36% subsidy to general category applicants and 44 per cent to applicants belonging to scheduled castes, Scheduled Tribes (SC/ST) and Northeast, hilly states. 

Interested applicants can call toll-free number 1800-425-1556 or apply online on the acabcmis website

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