The Global Green Growth Institute (GGGI) Nepal, in partnership with KOICA, has launched the championship phase of the Terai Agribusiness and Enterprise Challenge Fund (TAECF) with its application open until April 20, 2025.
This initiative is aimed at empowering agricultural cooperatives in Madesh province, specifically Dhanusha and Mahottari districts, in order to scale up inclusive and climate-smart agribusiness models.
Grants and criteria
This initiative will provide funding to 20 agricultural cooperatives, where ten small and emerging agricultural cooperatives will receive a grant of $20,000 and ten large-scale agricultural cooperatives will receive a grant of $49,500.
There are some criteria and eligibility requirements in order to receive the grants.
Eligibility
1. Must be registered as producer cooperatives under Nepal’s Cooperative Act.
2. Should operate within Dhanusha or Mahottari (Madesh Province).
3. Minimum 40% co-investment capacity.
4. Have previously engaged or are currently engaging in agribusiness/value-chain activities.
5. Should have strong governance and financial systems.
Expected impact
This funding addresses multiple socio-economic objectives, more than just financial support. It targets enhancement of rural livelihood, improved market accessibility, and creating sustainable employment opportunities.
Application submission information
Interested cooperatives can submit their application package, including all required annexes, to: [email protected]
