Provisions you need to know to get Govt concessions for setting-up food processing industries

Provisions you need to know to get Govt concessions for setting-up food processing industries?
Under the component schemes of PMKSY, the Government of India provides special concessions for setting up of food processing industries and mega food parks in the country

New Delhi: Ministry of Food Processing Industries (MoFPI), Government of India, has been implementing Central sector umbrella scheme – Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) since 2016-17 for overall growth and development of food processing sector including setting up of food processing industries and mega food parks in the country. Under the component schemes of PMKSY, special concessions are provided for setting up of such industries and mega food parks in north-eastern states (including Sikkim) and difficult areas like Himalayan states and UTs, the state notified Integrated Tribal Development Project (ITDP) areas and Islands. These concessions include a lower eligibility threshold during evaluation and a higher rate of grants for selected projects, Minister of State for Food Processing Industries, Prahlad Singh Patel said in a written reply in Lok Sabha today.

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Grants admissible under component schemes of PMKSY
Component Scheme

Permissible Grant-in-Aid

General Area NER/Himalayan States & UTs/ITDP areas
Mega Food Parks Grant-in-aid at the rate of 50 per cent of eligible project cost (Subject to a maximum of Rs.50 crores per project) @75 per cent of eligible project cost (Subject to a maximum of Rs.50.00 crores per project)
Cold Chain and Value Addition Infrastructure Grant-in-aid for storage infrastructures such as ripening chamber, pack houses, pre-cooling units @35%; for value addition and processing infra including frozen storage @50%; for irradiation facilities @50% of the eligible project cost. ([Subject to a maximum of Rs.10 crores per project) Grant-in-aid for storage infrastructures such as ripening chamber, pack houses, pre-cooling units @50%; for value addition and processing infra including frozen storage @75%; for irradiation facilities @75% of the eligible project cost. (Subject to a maximum of Rs.10 crores per project)
Creation / Expansion of Food Processing and Preservation Capacities Grant-in-aid @35% of eligible project cost (Subject to a maximum of Rs.5 crores per project). Grants-in-aid @50% of eligible project cost (Subject to max. of Rs. 5 crore per project).
Infrastructure for Agro-processing Clusters Grant-in-aid @35% of eligible project cost (Subject to a maximum of Rs.10 crores per project). Grants-in-aid @50% of eligible project cost (Subject to max. of Rs. 10 crores per project).
Creation of Backward and Forward Linkages Grant-in-aid @35% of eligible project cost (Subject to a maximum of Rs.5 crores per project) Grant-in-aid @50% of eligible project cost (Subject to a maximum of Rs.5 crores per project).

The minister gave all the above information in the parliament.

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