Full formBanking & Finance
AGSstands forAgricultural Graduate Scheme
Full Form of AGS
What is AGS?
The Agricultural Graduate Scheme (AGS) is a special credit initiative by the National Bank for Agriculture and Rural Development (NABARD) in India. It provides financial assistance to agriculture graduates who wish to establish self-employment ventures in agriculture and allied sectors. The scheme aims to encourage entrepreneurship among educated youth, reduce rural unemployment, and promote sustainable agricultural practices. Under AGS, banks offer term loans for projects like horticulture, dairy, poultry, fishery, and farm machinery, with relaxed collateral and margin requirements. The scheme is implemented through commercial banks, regional rural banks, and cooperative banks across India. It is particularly relevant for candidates preparing for banking and agriculture exams, as questions about government schemes for rural development frequently appear. AGS aligns with the government's focus on doubling farmers' income and fostering agri-startups. By channeling credit to skilled young professionals, the scheme bridges the gap between academic knowledge and practical farming, thereby strengthening the rural economy.
AGS का फुल फॉर्म
कृषि स्नातक योजना
Example
Rahul, an agriculture graduate from Punjab, availed a loan under the Agricultural Graduate Scheme to set up a modern polyhouse for off-season vegetable farming.
AGS — frequently asked questions
What is the full form of AGS?
The full form of AGS is Agricultural Graduate Scheme, a NABARD initiative for financing self-employment ventures of agriculture graduates in India.
Who is eligible for the AGS scheme in India?
Agriculture graduates (B.Sc./B.Tech. in Agriculture) and diploma holders in agriculture are eligible. They must have a viable project plan and be within the age limit set by the lending bank.
How is AGS different from Kisan Credit Card (KCC)?
AGS is a term loan scheme for setting up agricultural enterprises, while KCC is a credit card facility for meeting short-term cultivation expenses and other allied needs.