There are various Financial and/ or Fiscal Incentives from Central/ State Governments Especially for Food processing Industries.
Central Government is providing Grant-in-aid 50% to 75% for Food Processing units with a cap of 5-10 crores.
Maximum Grant/ Subsidy in Jammu & Kashmir, Himachal Pradesh and Uttarakhand, the North Eastern States including Sikkim and Difficult Areas including the Himalayan States, State Notified ITDP Areas & Islands:
(A) 50% on Eligible Project Cost
1. Scheme for Creation/ Expansion of Food Processing & Preservation Capacities
The setting up of new units and modernization/ expansion of existing units are covered under the scheme.
Units will be considered in Mega Food Parks (MFPs), Agro-processing Clusters assisted by the Ministry notified by the Ministry from time to time.
However, SC/ ST promoter can setup anywhere
2. Scheme for Creation of Infrastructure for Agro Processing Cluster.
The scheme is to create a modern infrastructure fit for food processing industries closer to the production areas.
Component of the Scheme Basic Enabling Infrastructure: Roads, water supply, power supply (DG Set, Bio-mass Power Plant), drainage, ETP, Common Office, etc.
Core Infrastructure/ Common facilities: Warehouses, cold storage, Frozen Store, IQF, Ripening Chamber, Blast Freezer, Plate Freezer, Reefer Truck, Tetra Pack, F&V sorting, grading, Grains Sortex, etc.
(B) @ 50% & 75% on Eligible Project Component for Cold Chain
1. 50% for Storage Infrastructure (Cold Storage)
2. 75% for Value Addition and Processing Infrastructure.
(C) @ 70% & 33% on Eligible Project Component for Food Testing Lab Equipment & Infrastructure
1. 70% for Food Testing Lab Equipment's
2. 33% for Lab Civil work & Furniture
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