A Producer Company was established to promote and support agricultural activities. As agriculture is a cornerstone of India's economy, many individuals rely on it for their livelihood. Enhanced agricultural productivity plays a significant role in reducing poverty and fostering trade growth.
The incorporation process for a Producer Company is similar to that of a private limited company. Incorporation provides professional recognition, and registering the company’s trademark protects its identity, preventing unauthorized usage by others.
Incorporation enables farmers and producers to collectively engage in activities like production, harvesting, marketing, and export, enhancing their productivity and profitability.
A Producer Company is a distinct legal entity, allowing it to own property, enter contracts, and operate independently of its members.
The liability of the members is limited to the amount of unpaid share capital, protecting personal assets from business risks.
Incorporated Producer Companies are eligible for various government schemes, subsidies, and financial support aimed at boosting agricultural development.
Aadhar / Voter ID / Driving licence / Passport of Directors and Shareholders.
The Address proof of the Directors, shareholders along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
The photos of the respective Directors , shareholders and designated authorities should submit for the clarification and proof of the concerned person.
The PAN card of the respective Directors, shareholders and designated authorities of the company.
Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of e-filing the Register of Companies.
No objection certificate by the owner / landlord must be enclosed.
5 lakh is the minimum capital for incorporation of a procedure in your company.
Minimum of 10 members and no maximum limit.
Yes, you are eligible to get loan under NABARD.
National Bank for Agriculture and Rural Development is mainly for providing financial support for the farmers by providing loans in the long term.
Yes , handloom falls under a producer company. You are eligible to incorporate your company. For any queries or consultation contact our taxteam.