From It To Agriculture Overcoming The Hiccups Of Financing In Setting Up Agriculture
It is safe to say that quite a few youngsters from the IT and other fields are changing the course of their career and migrating to agriculture. This trend is growing in the last few years in India. Done right, setting up an SME in agriculture can turn out to be your gold mine.In the current scenario, the agricultural industry is more diverse than it ever was. While it sounds lucrative, there are a few problems you might encounter if you are venturing into agriculture for the very first time. Here are some of them:
1. Choosing short-term (crop loan), mid-term or long-term loans:
Agricultural loan or credit as it called as is generally a low-interest loan that can help the agricultural entrepreneur on his/her expenses like land leasing, purchasing machinery, and storage expenses. Availing loans for your venture will involve meeting basic eligibility requirements. Different banks in India have different interest rates and schemes for agricultural loans. Apart from leasing/purchasing of land, transport of goods, storage and equipment also come under the loan purview.
2. Setting up an SME in agriculture requires a lot of knowledge and practical experience:
Many professionals are well-versed with only the theoretical aspects and get carried away. Setting up an enterprise in a field that is totally different to what you are doing requires a lot of researching and hands-on experience.
3. The restrictive nature of tenancy laws when it comes to land leasing:
Different states in the country have different land leasing laws and if you do not have a sound knowledge about, chances are that you will be misled.
4. Procurement of skilled manpower, which is an important investment:
この記事は Small Enterprise の February 2018 版に掲載されています。
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この記事は Small Enterprise の February 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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