SCHEME FOR CREATION/ EXPANSION OF FOOD PROCESSING/ PRESERVATION CAPACITIES UNDER PMKSY by MOFPI
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you benefit of SCHEME FOR CREATION/ EXPANSION OF FOOD PROCESSING/ PRESERVATION CAPACITIES UNDER PMKSY by MOFPI.
Objective:
The main objective of the Scheme for Creation/ Expansion of Food Processing & Preservation Capacities (hereinafter also referred to as “the Scheme”) is creation of processing and preservation capacities and expansion of existing food processing units which will help in increasing the level of processing, value addition and thereby lead to reduction in food loss and result in enhancement of farmers’ income.
Eligible Segments:
(a)Fruits & vegetables processing,
(b) Milk Processing.
(c) Meat/ poultry/fish processing.
(d) Ready to Eat/ Ready to Cook Food Products/ Breakfast cereals/Snacks/ bakery and other food products including nutritional health foods,
(e) Food Grains/ pulses, oil seed milling and processing based on modern technology,
(f) Other agri-horti products including spices and condiments, mushroom processing,
(g) Honey processing.
(h) Fruits/honey-based wines,
(i) Food flavours, food additives/ food extracts & colours, oleoresins, guar gum, cocoa products,
(j) Manufacturing jaggery from sugarcane and value-added products from jaggery (as raw material) except sugar mills.
Quantum of Assistance:
Grants-in-aid will be @35% of eligible project cost for projects in General Areas and @50% of eligible project cost for projects in Difficult Areas as well as for projects of SC/ST, FPOs and SHGs, subject to the maximum of Rs.5 crore per project, of the cost of Plant & Machinery (P&M) and Technical Civil Works (TCW).
Eligible Entities:
(a) Any individual / Central & State PSU / Joint Venture / NGO /Cooperative / Self Help Group (SHG) / Farmer Producer Organizations (FPO) / Farmer Producer Company (FPC) / Public & Private Sector Companies / Limited Liability Partnership (LLP) / Partnership Firm /Proprietorship Firm engaged in or planning to engage in creation/expansion of food processing and preservation capacities would be eligible for financial assistance under the Scheme.
(b) Proposals received from Scheduled Caste (SC)/ Scheduled Tribe (ST) promoters holding at least 51% stake in the entity, only will be treated as proposals under SC/ST category.
Processing Fee:
The entities applying for financial assistance are required to submit a non-refundable fee of Rs.20,000/- (Rupees twenty thousand only) through Demand Draft in favour of “Pay and Accounts Officer, Ministry of Food Processing Industries, New Delhi”
The non-refundable fee shall be Rs.15,000/- (Rupees fifteen thousand only) for applications from SC/ST.
Applicability:
Expression of Interest (EOI) issued by the Ministry of Food Processing Industries from time to time.
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