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What is IAS?
What is IAS and how does the fund assist Batswana?
As part of the extended support for the economy, the Ministry of Agricultural Development and Food Security (MOA) has, through the implementation of an Integrated Support Programme for Arable Agriculture Development (ISPAAD) introduced the Horticulture Impact Accelerator Subsidy (IAS) fund. The fund assists with the below packages wherein Batswana need to bring 50% contribution.
Packages
Description: Up to 1 ha shade house or tunnels.
Amount: 250 000.00
Description: Up to 1 ha irrigation equipment including conveyance pipes, drip lines reservoir and accessories
Amount: 100 000.00
Description: Borehole equipping
Amount: 50 000.00
Description: Connection to power; BPC or solar
Amount: 300 000.00
Description: Pack-house
Amount: 250 000.00
Description: Up to 1 ha production inputs
Seeds and seedlings: 50 000.00
Fertilizer and pesticides: 50 000.00
Packaging material: 25 000.00
When will the fund be officially available to Batswana?
Where does one get application forms?
I have already spent X amount of money developing my farm; will this be considered as 50% contribution towards the grant?
Do I go to Molimisi with the 50% contribution evidence or only after approval of my request?
Can I benefit multiple times from the fund?
If I don’t have the 50%; how long will it take for NDB to process my loan application request?
With everything being in order, how long does it take for disbursement of funds from point of firstly engaging NDB?
Who does the approval of the grant: NDB or MOA through Molimisi office?
Is the fund for new or existing horticulture projects?
Does the Ministry Approve when the client does not have 50% contribution?
Does approval by the Ministry mean that I am guaranteed of the 50% Grant?
Can companies apply?
Will I need to provide a business plan for applying for the grant?
Over what period is the fund available?
Answer: Effective Wednesday the 23rd March 2022
Answer: Application forms will be collected from Balimisi country wide.
Answer: No. contribution in kind is not considered for the 50%.
Answer: First step is to get technical approval for project and then after approval you are required to go and pay and then return to Molimisi with evidence. Molimisi will bring the completed pack to NDB for release of the 50% grant.
Answer: There is an opportunity to benefit multiple times from the fund up to a maximum of BWP150K in a year across the different options.
Answer: This depends on the type of loan that you would apply for. If it’s a salary-based loan, then it could take 3 days to a week. If it is a loan through a company then anything from 1 week to 2 weeks. This is from receipt of application from MOA/ Molimisi.
Answer: 48 Hours from point of receipt of application from MOA
Answer: The approval is from the MOA/Molimisi. NDB facilitates the disbursement/release of the 50% grant.
Answer: The fund is available for new and existing projects
Answer: No. If client does not have contribution, they may apply for funding from NDB and only after approval of loan and paying 50% will the application be completed.
Answer: No. only if you are able to pay the remaining 50%.
Answer: Yes, companies that are majority citizen owned. Over 51% of more citizen owned companies.
Answer: No. The business plan is only required if you are applying for an NDB loan towards your contribution.
Answer: The fund will be available if the funds are still available; we will be keeping a close tab on the balances and will communicate when we are close to reaching the funds allocated.