Applicant must be an Indigenous Inhabitant of Nagaland.
They should not be defaulters to any bank.
They should not be serving Government Employees.
They should have sufficient land for land-based activity in the name of the borrower or on lease with a remaining period of the lease agreement not less than the tenure of the loan. In the case of non-cadastral areas, a document issued by the concerned Village Council and countersigned by the area administrative officer certifying the land-holding shall be sufficient for the purpose.
They should generally have adequate experience or training in respect of the activity for which they seek assistance.
B. Self Help Groups (SHGs)
All SHGs (including non-NSRLM SHGs) fulfilling the Panchasutra concept i.e., holding regular meetings; regular savings; regular inter-loaning; timely repayment; and up-to-date books of accounts shall be considered for assistance under the Scheme.
SHGs would be financed, primarily, by the bank where they have their Bank Account.
SHGs shall be graded on the basis of the “Panchsutra” concept.
The group members should have sufficient land, either self-owned or on lease, to carry out land-based activities.
C. Farmer Producer Organizations (FPOs)
The FPO should have been registered and should have at least three years of Audited Balance Sheet.
Board members of FPOs and all members should be non-defaulters to any bank/financial institutions.
The FPO should not be in loss.
The FPO should have at least 100 shareholders and a minimum paid-up capital of Rs 1,00,000.
The activity should be relevant to the prime activity of the FPO.
The maximum borrowing of the FPO should be restricted to 2/3rd of their paid-up share capital or as per the borrowing power of their bye-laws.
At least 80% members should be participating in and benefitted by the FPO either through supply of input or aggregation of produce and marketing.
