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Subsidy Scheme from Government of India for Food Processing Sector NEW

Opportunity to avail Capital Subsidy on investment in Food Processing Sector under Pradhan Mantri Kisan Sampada Yojana (PMKSY)

 

  • Ministry of Food Processing Industries (MoFPI), Government of India has announced a very popular and lucrative scheme.
  • The scheme is popularly known as Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC)
  • Capital Subsidy @ 35% of eligible project cost in General Areas
  • Capital Subsidy @ 50% of eligible project cost in difficult areas which includes – North Eastern States as well as for projects owned by SC/ST, FPOs and SHGs.
  • In all cases maximum subsidy is Rs. 5.00 crore.
  • Eligible project cost means investment in new plant & machinery and technical civil.
  • New unit or expansion/modernization of existing food processing units will be eligible under the scheme.
  • The units can be set up in Mega Food Parks (MFPs)/Agro-processing Clusters (APCs) and anywhere outside MFPs/APCs. Total fund allocation will be at 60:40 ratio.
  • Term Loan from Bank/FI/NBFC is mandatory under this scheme.
  • Units have to follow all other eligible criteria mention in the scheme.

To know more about the scheme please click on the below link – 

Capital Incentive for Food Procesing Industry under MOFPI

 

 



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