The Kerala SFAC was established as a society registered under the Travancore – Cochin Literary Charitable Societies Registration Act in 8th March 1955 with a Memorandum of Association and Article of Association incorporating provisions outlined in the concept paper of SFAC. The area of operation of SFAC Kerala covers the entire state.
Small Farmers Agribusiness Consortium is an organization under the Department of Agriculture, Government of Kerala working for the promotion of agribusiness to the benefit of farmers and entrepreneurs by providing necessary linkages for establishment and running of successful agribusiness.
Achievements so far
By implementing the venture capital assistance (VCA) programmes upto 2011-12 SFAC had assisted several projects with a total projects cost of ` 4691.73 lakhs and a total VCA of ` 443.84 lakhs were sanctioned. By implementing the above projects it is estimated that additional employment opportunities for 7896 persons were created. About 15000 farmers were benefited by the implementation of these projects.
Venture Capital Scheme for Agribusiness Project Development (VCA)
The qualifying projects should be on agriculture or allied sector basically perishables viz. horticulture, floriculture, medicinal and aromatic plants, minor forest produce, apiculture and fisheries. In addition to this new sectors are included in venture capital scheme such as.
1.Modern slaughter house with refer vans and retails cool chain.
2.Projects based on forestry produce like Bamboo etc. plantain crops of tea, coffee, rubber and rejuvenation of plantation under credit linked projects.
3.Units which produce fruit based milk shakes/products (where milk is the medium and fruit pulp is the main ingredients), or fast food item containing poultry meat or egg products along with vegetables as ingredient.
4.Stand along or c hain of retails of kiosks (mobile/fixed) which has a refrigeration system with display of processed fish/fruits and vegetables.
6.Project should provide assured market to farmers/producer groups.
7.Project should encourage farmers to diversify into high value crops, to increase farm incomes.
8.Project should be accepted by banks for grant of term loan