MGS will provide funding support to:
- Upgrade selected small to medium size rice mills
- Construct or upgrade pack houses for vegetable collection and marketing clusters
- Upgrade biofertilizer production factories.
The matching grants available is a proportion of the project investment cost (up to 60%, and will be provided to agribusinesses, or farmer groups (also referred to as Agricultural Production Groups/APGs) (which will manage the packhouses), with, with the remainder provided by the beneficiary.
The grant budget for the MGS for agribusinesses is $7.48 million with a target of supporting qualifying small to medium rice mills (allocated budget of approximately $4.48 million), as allocated as; for constructing or upgrading pack houses for vegetable collection and marketing clusters (allocated budget of approximately $2.35 million, and upgrading biofertilizer production factories (allocated budget of approximately $0.65 million). The budget allocations are only indicative. During implementation, financial support for these types of agribusinesses will be drawn from a pooled budget. The grant will leverage additional private sector finance of $4.99 million resulting in a total investment of $12.46 million.