The Government of India is operating Credit Linked Capital Subsidy Scheme to facilitate the upgrading of technology in SSI units in respect of 21 specified products / sub-sectors. Under this scheme, 15% capital subsidy is granted for induction of of proven technologies approved under the Scheme.

The Ministry of Food Processing, Government of India with a view to accelerate the growth in this sector is providing grants for setting up of food processing units (including meat and fish processing / milk products / spices / coconut / walnut /cashew nut ) or upgradation and expansion of such unit and for establishing Food Parks. Grant is available at 25% of the cost of capital equipment and technical civil works upto a maximum of Rs.50.00 lakhs.

More info visit Website of Ministry of Food Processing : www.mofpi.nic.in

National Horticulture Board was set up by Government of India to promote integrated development of Horticulture and to establish sound infrastructure in this field. The following projects shall be eligible for subsidy (back ended) from NHB :

a. COLD STORAGE ACTIVITIES :

• Setting up of cold storages to reduce post harvest losses with investment not exceeding Rs.2 crores.

b. PRODUCTION RELATED ACTIVITIES :

• High quality commercial horticulture crops
• Indigenous crops / produce, herbs
• Aromatic & Medicinal Plants
• Seed & Nursery
• Biotechnology, Tissue Culture
• Bio-pesticides
• Organic Foods
• Estt. of Hort. Health Clinics / Laboratory (For Agri / Horti unemployed graduates)
• Consultancy Services
• Bee-keeping
  

c. POST HARVEST MANAGEMENT / PROCESSING RELATED ACTIVITIES

• Grading / Washing / Sorting / Drying / Packing centers
• Pre-cooling Unit / Cool Stores
• Refer Van / Containers
• Sp. Transport Vehicle
• Retail Outlets
• Auction platform
• Ripening curing chamber
• Market yard / rope ways
• Radiation unit / VHT unit
• Primary processing of products
• Hort. Ancillary industry e.g. tools, equipment, plastics, packaging etc.
• Crates, Cartons, Aseptic Packaging & Nets
  
  NHB grants back ended capital investment subsidy not exceeding 20% of the total project cost with a maximum limit of Rs.25 lakhs per project. For North-Eastern/Tribal/Hilly areas maximum limit of subsidy would be Rs.30 lakhs per project.

More info visit website of NHB : www.hortibizindia.nic.in

STATE CAPITAL SUBSIDY UNDER NEW ANNA MARUMALARCHI THITTAM

• Special capital subsidy 15% on investment in plant and machinery subject to maximum of Rs.15.00 lakh per block.
  
  
• Generator subsidy 15% on the cost of the generator subject to Rs.5.00 lakhs.
  
  
• Women worker subsidy 5% subject to a maximum of Rs.5.00 lakhs, if the unit is employing more than 50% of their work force as women.
  
  
• Low Tension Power Subsidy (LTPT) of 30%, 20% and 10% energy charges in the first, second and third year respectively from the date of commencement of production or date of power connection whichever is later.
  
  Subsidy on power consumption charges to cold storage units at Rs.3.00 lakhs or 50% of the electric charges which ever is less will be granted as subsidy for a period of 4 years.
  
  

INTEREST REBATE FOR PROMPT REPAYMENT (Given by TIIC)

• Interest rebate of 0.25% will be allowed by the Corporation for prompt repayment of principal   and interest.