- December 21, 2023
- Posted by: admin
- Category: Latest update
The department of MSME, Govt. of Odisha has announced the new Food Processing Policy on 30.11.2022 with an objective to provide fiscal incentives support to boost the value addition in the sector.
Nodal Agency
The MSME Department, Govt. of Odisha is the nodal agency for the administration of the Policy.
The Director of Industries, Odisha along with Regional or District Industries Centres (RICs)/ (DICs) shall be the implementing agency.
Capital Investment Subsidy (CIS)
New and existing enterprises undertaking Expansion/ Modernization/ Diversification, with investment in Plant & Machinery up to Rs.50 crores, shall be eligible for the following:
|
Sl. No. |
Category | Quantum |
Maximum Subsidy Limit |
|
1 |
General Enterprise | @ 30% of capital investment made in plant & machinery |
Up to Rs. 3.50 Cr. |
|
2 |
Enterprises owned by SC, ST, persons with disabilities, women, technical entrepreneurs (degree/diploma in food technology, B.Sc. Agriculture, BSc Horticulture, B.Sc. Veterinary Science or similar qualification in food processing sector) | @ 35% of capital investment made in plant & machinery
|
Up to Rs. 4.00 Cr. |
|
3 |
Anchor Industry | @ 30% of capital investment made in plant & machinery |
Up to Rs. 5.00 Cr. |
|
4 |
Enterprise set up in –
a) Industrially backward districts b) Designated IDCO industrial estates/areas/Aqua parks/Food Parks located in Biju Expressway Highway corridor |
Additional CIS 5% of investment in plant & machinery up to Rs. 50 lakhs over and above the specified limit in Sl. No. 1 & 2 | |
|
5 |
Enterprises with Captive solar power plant | Additional CIS 25% up to Rs. 25 lakhs of the cost of setting-up Captive solar power plant over and above limit in Sl. No. 1,2 and 3 | |
|
6 |
Assistance for Reefer Vehicles | @ 35% of the cost of standalone new reefer vehicles/ mobile pre-cooling vans up to a maximum of Rs. 25 lakhs
|
|
Note – For SC, ST, persons with disabilities, Women, Technical entrepreneur their stake in shareholding shall be 51% or more individually or jointly on the date of CCP.
LIST OF INELIGIBLE ENTERPRISES/INDUSTRIES
Enterprises ineligible for fiscal incentives specified under this Policy
|
Sl No. |
Manufacturing Sector |
Threshold Limit of Investment in Plant & Machinery |
|
1 |
Hullers and Rice mills |
< Rs. 10 Crore |
|
2 |
Flour mills, Pulse mills, Besan mills |
< Rs. 1 Crore |
|
3 |
Edible / Non-Edible Vegetable Oil Mills with Expeller |
< Rs. 10 Lakh |
|
4 |
Solvent Extraction Plant |
< Rs. 50 Lakh |
|
5 |
Refining of Oil |
< Rs. 5 Crore |
|
6 |
Confectionary Unit –
1) Industrially backward districts 2) Other area |
< Rs. 10 Lakh < Rs. 1 Crore |
|
7 |
Bakeries & preparation of sweets and savouries etc. units using mechanised process in –
1) Industrially backward districts 2) Other area |
<=Rs. 20 Lakh <=Rs. 50 Lakh |
|
8 |
Package Drinking Water |
< Rs. 1 Crore |
|
9 |
Soft & Carbonated Drinks (except units manufacturing fruit pulp and/or juice out of it) |
< Rs. 1 Crore |
10) Edible / Non-Edible Vegetable Oil Mills having;
a) Hydrogenation of Oil.
b) Repacking of oil with Filtering, Colouring and Deodorizing
11) Mixture, Bhujia and Chanachur preparation units
12) Manufacture of Ice candy.
13) Manufacture and processing of betel nuts.
14) Hatcheries, Piggeries, Rabbit or Broiler farming
15) Units for cutting raw tobacco and sprinkling jiggery for chewing purposes and Gudakhu manufacturing units.
16) Bottling units or any activity in respect of IMFL (Indian Made Foreign Liquor) or liquor of any kind.
17) Re-packaging Units/ Pre-processing of oil seeds: decorticating, parching and frying.
18) Packaged drinking/ mineral water / Soft drinks and carbonated drinks.
Note: List indicated above may be modified by the Government from time to time.
For any clarification/doubt please refer to the notified government guideline & amendments.