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Grant for Agroecology Program (GAP)- Challenge Fund
The Grant for Agroecology Program (GAP)- Challenge Fund is a separate time bound business grant for investment greater than INR 01 Crore (10 million) and upto 02 Crore (20 million). The GAP Fund is announced quarterly at Pan India Level.
Eligibility Criteria:
- Must be Producer Organization Enterprises (POEs) such as Producer Companies or Cooperatives or any registered entities/ Micro and Small Enterprises (MSEs)
- The enterprise must have been in operation for at least 2 years on the date of the application
- The applicant firm should have minimum turnover of INR 2 Crore (20 million)
- Audited financial statements for the past 02 years are available
- Proof of 30% co-funding
- Minimum coverage of 1000 small and marginal producers.
Stages of Evaluation:
- Stage 1: Submission of Concept Note and Evaluation of Concept Note by Fund Manger
- Stage 2: Submission of detailed proposal and business plan from shortlisted applicant.
- Stage 3: Detailed evaluation of proposal and business plan by fund manager
- Stage 4: Presentation before Investment Committee
- Stage 5: Award of grant followed by monitoring and evaluation
Who can Apply ?
- Producer Organization Enterprises (POEs) such as Producer Companies or Cooperatives or any other form of registered producer collective enterprises (must be in business operations for minimum 02 years)
- For-profit enterprises, including start-up organizations
- Individual entrepreneurs with registered business entity
- Non-profit organizations/NGOs can assist with the preparation of an application by a Producer Organization or Enterprise, but they cannot apply in their own right
- Proof of 30% co-funding