The main objectives of the Scheme are:

(a) To facilitate setting up of agribusiness ventures in close association with all banks/ financial institutions notified by the Reserve Bank of India where the ownership of the Central/State Government is more than 50% such as Nationalized banks, SBI & its subsidiaries, IDBI, SIDBI, NABARD, NCDC, NEDFi, Exim Bank, RRBs & State Financial Corporations.

(b) To catalyze private investment in setting up of agribusiness projects and thereby providing assured market to producers for increasing rural income & employment.

(c) To strengthen backward linkages of agribusiness projects with producers.

(d) To assist farmers, producer groups, and agriculture graduates to enhance their participation in value chain through Project Development Facility.

(e) To arrange training and visits, etc. of agripreneurs in setting up identified agribusiness projects.

(f) To augment and strengthen existing set up of State and Central SFAC.