Hydroponic Loan & Subsidy Assistance
What Is Hydroponic Loan ?
In recent years, India has seen tremendous growth in importing exotic vegetables, creating a 15-20% growth rate per year.
Certainly, hydroponic farming may help this growth increase, needing a little expertise, knowledge, and skills, one can start a hydroponic business.
How to get a subsidy for hydroponics?
In India, you will be glad to know that the central and state governments have subsidized the capital costs for farmers willing to invest in hydroponics.
The exact subsidy is different for each state. A few months back only, the Maharashtra government has provided a 50% subsidy to people who like to adopt hydroponics for farming and gardening.
As the subsidy is different and available for each state, one needs to visit the National Horticulture Board(NHB) to get the complete details of their respective states.
Hope this information works for you. In case you need more information, about Hydroponics loans, and subsidies, contact us.
FAQ's Hydroponic Loan
Why should I take a loan for Hydroponic farming?
Now, if you are confused, whether taking a loan to set up a farming business is a good idea or not? Then let Radongrow helps you:
If we see the stats from the last ten years, it clearly shows the agriculture field is profiteering. Many business people have already landed in this field becasue they know the market and the potential of the farming business.
Importing and exporting fresh vegetables and fruits can give you passive income for years, one strong reason to taking a loan for setting up your Hydroponic farming business. Second is you will get to grow every kind of vegetable/fruit all around the season.
Third, Hydroponic farming is soilless, so no difficulty is choosing which kind of soil is beneficial for which plant.
Hydroponic farming asks you to invest one time and lands you profit every time; today, many states are offering loans for Hydroponic farming; visit the National Horticulture Board of your state office and get more details.
Farming is the sunrise and sunset of India. Investing in Hydroponic farming will raise your wealth.