Maharashtra Agribusiness Network Project (MAGNET)

Who Can Apply

Individual farmers

Farmer Producer Organizations (FPOs)

Value Chain Operators (VCOs)

Farmers Cooperatives (FCOs)

Eligible Projects under Maharashtra Agribusiness Network Project (MAGNET)

  • Building and improving facilities like
    cold storage, warehouses, and processing units.
  • Processing, packaging, and branding agricultural
    products.
  • Using modern agricultural technologies like
    precision agriculture and digital solutions.

Key Factors of a MAGNET Scheme

  • Up to Rs 6 crore (up to 60% of project cost) is available for
    focused crops like banana, guava, pomegranate, sapota, custard
    apple, strawberry, orange, sweet lime, okra, green and red chili,
    and floriculture crops.
  • The subsidy is disbursed in three instalments: 25%
    upon project approval, 40% upon satisfactory completion of 50%
    of the project, and 35% upon final completion and submission of
    all required documents.
  • Training farmers, FPOs, and other stakeholders.