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Empowering entrepreneurs: Grants for food processing units
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Friday, 27 December, 2024, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Ministry of Food Processing Industries (MoFPI), has been incentivising setting up/expansion of Food Processing Industries through its Central Sector schemes namely Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) Scheme, Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), and Centrally Sponsored – Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME), Scheme across the country. These schemes are not region or state specific but demand driven.
Project Execution Agency (PEA) / Implementing agencies /organisations such as Government / PSUs / Joint Ventures / NGOs / Cooperatives / Self Help Groups (SHGs) / Farmer Producer Organisations (FPOs) / Farmer Producer Companies (FPCs) / Private Sector companies/ Partnership firm / Proprietorship firms/individuals are eligible for availing grants under these schemes of MoFPI.
The details of assistance available to Micro Food Processing Enterprises under Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
(i). Support to Individual / Group Category Micro Enterprises: Credit-linked capital subsidy at 35% of the eligible project cost, maximum ceiling Rs.10 lakh per unit;
(ii). Support to SHGs for seed capital: Seed capital Rs 40,000 per member of SHG engaged in food processing for working capital and purchase of small tools subject to maximum of Rs 4 lakh per SHG Federation.
(iii). Support for Common Infrastructure: Credit linked capital subsidy at 35% subject to maximum of Rs 3 crore to support FPOs, SHGs, Cooperatives and any Government agency for setting up of common infrastructure. The common infrastructure will also be available for other units and public to utilise on hiring basis for substantial part of the capacity.
(iv). Branding and Marketing Support: Grant upto 50% for Branding and Marketing to groups of FPOs/ SHGs/ Cooperatives or an SPV of micro food processing enterprises.
(v). Capacity Building: The scheme envisages training for Entrepreneurship Development Skilling (EDP+): programme modified to meet the requirement of food processing industry and product specific skilling.
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