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The Farmers or the person dealing with Farm products can do business in the form of a producer Company. The producer company should be for procurement, production, harvesting, grading, handling, marketing, stocking, etc. get financial assistance from NABARD and other Central Government agencies
Regular assistance of CA & CS;
Minimum 10 or more persons.
Minimum 5 directors and maximum 15.
It can be formed as a Private limited company or a Public limited company.
Provides loans and credit facilities to members
No taxes on agricultural income.
Accepts deposits;
The promoter will be Director/ Managing Director;
A set process of Company Management;
The same person can become Director and Shareholder both;
Copy of PAN;
Copy of Election ID or Driving License;
Copy of AADHAR;
One Passport Size photograph;
Copy of Bank Statement 1st page and Last page of for not more than two months older;;
Copy of electricity bill for registered office address.