Investment Subsidy to agro and food processing industries

Agriculture, Farmers Welfare

Beneficiary Type: Farmer

Objective

In order to develop and enhance the food processing industries in the state, Comprehensive Agro Business Policy has been launched

Objective

Setting up: 1) Processing plants, 2) Cold chains/Food irradiation plants/Pack houses, 3) Modernization projects, 4) Purchase of reefer vans

Benefits

1) Up to 25% capital investment subsidy for max INR 50 lakh investment in projects concerning modernization of agriculture, 2) Up to 25% capital investment subsidy in projects costing up to INR 5 Crore for setting up cold chains, food irradiation plants, pack houses etc., 3) Up to 25% subsidy on project up to INR 2.5 Crore for setting up processing centers/collection centers in Rural areas, 4) Up to 25% subsidy on project costing up to 50 lakh for setting up reefer vans

Eligibility

Any legal entity such as Govt/PSU/Joint ventures/NGOs/Cooperatoves/SHGs/Pvt. Sector corporation/individuals engaged in agro and food processing would be eligible. However, he/she should have: 1) Sound financial background. The networth of the application = Total Assets - Total liability of the application should be more than 1.5 times the grant applied for, 2) The project proposals should be prepared and be appraised by bank/financial instituion for availing loan. The term loan will not be less than 25% of project cost. There are more details for which you can refer the following link: https://gaic.gujarat.gov.in/writereaddata/images/pdf/cabp-guidline.pdf

Coverage Area

Application Method

Apply through ikhedut portal online. For more details refer the following website link: https://ikhedut.gujarat.gov.in/Public/frm_Public_SchemeDetails.aspx

Application Form

Apply through ikhedut portal online. For more details refer the following website link: https://ikhedut.gujarat.gov.in/Public/frm_Public_SchemeDetails.aspx

Documents Required

Application Form,Company Registration Certificate,PAN Card,Aadhaar Card,Land Ownership or Lease Agreement,Bank Loan Sanction Letter,Income Tax Returns (ITR),Financial Statements,GST Registration Certificate,Proof of Industry Type,Environment Clearance Certificate

Information Source

https://gaic.gujarat.gov.in/writereaddata/images/pdf/cabp-guidline.pdf https://gaic.gujarat.gov.in/agro-industrial-policy.htm

Gender Male,Female,Others
Age 0 to 100
Caste General,Scheduled Caste,Scheduled Tribe,Socially and Economically Backward Communities / Other Backword Class
Economic Status APL,BPL,Both
Occupation Farmer
Sector Infrastructure Development
Income Criteria Not Applicable
Citizen Senior Citizen, Non Senior Citizen
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