The National Bank for Agriculture and Rural Development (NABARD) offers loans to farmers, rural entrepreneurs, and other entities involved in rural development. You can apply for a loan from NABARD through a bank that is eligible for refinancing from NABARD.
How to apply for a NABARD loan
- Decide on the type of business you want to start
- Register your business
- Create a business plan and project report
- Apply for a bank loan from a bank that is eligible for refinancing from NABARD
- Once the bank sanctions the loan, the bank will apply to NABARD for the subsidy
- NABARD will release the subsidy to the bank
NABARD loan eligibility
- Farmers
- Rural entrepreneurs
- Small-scale industries
- Individuals involved in agricultural and rural development activities
- State Governments
- Entities promoted by State Governments or Government of India
- Joint Ventures
- Cooperatives
- Federations of Cooperatives
- Farmers' Producer Organizations
NABARD loan schemes
