fpo equity grant scheme, matching equity per member cap, claim through cbbo nabard sfac
What is the matching equity grant for FPO members and how is it claimed?
LLalita Bisht7mo ago · 210 views
6 Answers
🌾Farmer.in Krishi TeamExpert ✓7mo ago
Under the 10000 FPO scheme, members can get a matching equity grant where the government matches the equity that farmer members contribute to the FPO, up to a per-FPO ceiling and a per-member cap. The idea is to strengthen the FPO own funds so it can borrow and do business. The grant is not given to individuals directly; it is claimed by the registered FPO through its CBBO and the implementing agency after the FPO meets the conditions, such as a minimum number of shareholder members and proper books. There is also a separate credit guarantee facility for loans the FPO takes. Work through your CBBO, keep clean membership and share records, and confirm current ceilings with NABARD, SFAC or NCDC as they are revised.
MMohan Bhandari6mo ago
In our FPO the grant did not come to members directly, it came to the FPO after we met the conditions through our CBBO. People kept asking me when the money would hit their personal account and got confused. Explain to members early that it strengthens the FPO funds, it is not a personal payout.
HHemraj Choudhary6mo ago
In our FPO the grant release was tied to the FPO having proper audited accounts and a working bank account, not just members on paper. We got our books audited early and that sped up the claim through the CBBO. Treat the accounts seriously from year one, the agency really does check them.
KKavitha Naidu6mo ago
We almost missed the grant because our books were not in order. The implementing agency checked our shareholder list and accounts before releasing it. My advice is to keep clean membership and share records and proper accounts from the first day, and let the CBBO file the claim for the FPO.
VVandana Hiremath6mo ago
A point worth telling members: the matching is on what farmers actually pay in as equity, so members have to put in their share first before the government match comes. People in our group expected free money and were surprised. Explain that they invest first, then the FPO claims the matching grant through the CBBO.
SSurinder Pal6mo ago
Confirm the current per-member cap and per-FPO ceiling with NABARD, SFAC or NCDC because these have been revised over time and old figures circulate. We also used the separate credit guarantee facility for our loan, which the CBBO explained. Do not rely on numbers from WhatsApp groups, check with the agency.