Aloe Vera Farming Subsidies: Aloe Vera is one of the major Ayurvedic crops. All types of diseases can be curable from the products of Aloe Vera. There are a lot of advantages of Aloe Vera juice. As the population increases the demand for Aloe Vera also increases day by day. Due to lack of awareness farmers, do not utilize loans and subsidies. Aloe Vera is the plant which is widely used by the whole population in the world. Furthermore, it cures all types of skin diseases and rashes on the skin. It is good in digesting the food and clears all the stomach problems. We have earlier provided information on Expected Profits from Aloe Vera Farming in India.
Loans and Subsidies for Aloe Vera Cultivation In India:
In India National Bank For Agriculture And Rural Development (NABARD) are providing Loans and Subsidies. Furthermore, they provide loans regarding the cost of production. As per NABARD norms, the margin money for different farmers is as follows.
- Marginal Farmers : 5%,
- Small Farmers : 10%
- Big Farmers : 15%
However, in the present model, 15% of the unit cost (10,340 rupees) has been considering as margin money.
Check the below tablet for Aloe Vera Farming Subsidies:
|Types of Farmers||Percentage of Loan|
NABARD Bank loan In Aloe Vera Farming:
After doing all analysis the Bank loan may be considered as 85% of the unit cost up to 58,396 rupees.
Government Schemes for Aloe Vera and Medicinal Plants In India:
In India there a huge demand for medicinal plants so they are providing some schemes. Some of the Development and Sustainable Management of Medicinal Plants of NMPB are providing loans to the farmers of Aloe Vera. Furthermore, they are proving loans in all states of India.
If your investment is about 6.25 lakhs, As per scheme guidelines, the assistance is provided to the extent of 100% to public sector / SHGs and 50% of the cost subject to a ceiling of Rs 3.125 Lakhs to the private sector. These are the loans and subsidies of Aloe Vera Farming in India. Furthermore, you can comment your questions in the comment box. We are always ready to provide information at any time.