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Govt Schemes and Incentives
 

Food Processing Industry

Scheme for Technology Upgradation / Establishment /
Modernization for Food Processing Industries.

Ministry of Food processing industries (MOFPI) decentralized the scheme for Technology Up gradation / Modernization / Establishment of Food Processing Industries through Bank.

 

Food Processing Industry


The scheme covers setting up, technology upgradation/Modernization/ Establishment of Food Processing Industries in fruits & vegetables, milk products, meat, poultry, fishery, oil seeds and meat, poultry, fishery, oil seeds and horticultural sectors including food flavours and colours, oleoresins, spices, coconut, mushroom, hop, etc. Grain Market sector, namely Rice milling, Flour milling, Pulse processing units are also eligible for availing of grant under the scheme. Sanctions under the scheme for women, SC/ST are given priority.
   
Under the scheme grant to the unit will be provided @ 25% of the cost plant & machinery and technical civil works subject to maximum of Rs.50 lacs in general areas and @ 33% or upto Rs.75 lacs in difficult areas (Jammu & Kashmir, Himachal Paradesh, Uttarakhand, Sikkim, North Estern, Andaman & Nicobar Islands, Lakshadweep and integrated Tribal Development Project (ITDP) areas, Only new Plant and Machinery will be eligible.

To know more details on the scheme, : click here
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