There are various Financial and/ or Fiscal Incentive from Central/ State Governments Specially for Food processing Industries in North Eastern States.
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 North Eastern States
(A) @ 50% on Eligible Project cost for
1. Scheme for Creation of Backward and Forward Linkages.
Financial assistance is provided for setting up of primary processing centers/ collection centers at farm gate and modern retail outlets at the front end along with connectivity through insulated/ refrigerated transport.
2. Scheme for Creation of Infrastructure for Agro Processing Cluster.
Scheme is to create modern infrastructure fit for food processing industries closer to the production areas,
Component of the Scheme Basic Enabling Infrastructure: Roads, water supply, power supply (Solar Power Plant, DG Set, Bio-mass Power Plant), drainage, ETP etc.,Comman Office, 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.
3. 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 and in designated food parks notified by the Ministry from time to time. (B) @ 50% & 75% on Eligible Project Component for Cold Chain 1. 50% for Storage Infrastructure 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 For In detail Central Government Policies Click Here State Government is providing additional capital subsidy from 25%- 50% on Plant and Machinery with fiscal incentive like electricity duty waiver, stamp duty refund, tax exemption etc.(Depend upon state Gov. policy) For State Government Policies Click Here
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