Key government schemes – agriculture & food processing sector

Choyal School of Milling Technology’s masterclass class on key government schemes in food processing and agriculture by Mr. Rahul Ghadge will help to to understand the various benefits that can be derived out of the government schemes this will also help you to understand the procedures to avail these schemes.

Major schemes covered under this masterclass are:

PMFME Scheme Benefits
1 Through this scheme 2 lakh micro food processing unit will be covered with credit linked subsidy.
2 Credit linked capital subsidy @35% of eligible project cost with max ceiling of Rs.3.00 crore. micro food processing units in operations, with investment not exceeding Rs.1 crore and turnover not exceeding Rs.5 crore.
3 The scheme envisages provision of Seed Capital @ Rs. 40,000/- per member of SHG engaged in food processing for working capital and purchase of small tools.
4 This scheme also provides increased access to common services like common processing facility, laboratory, storage, packaging, marketing, incubation, research and training in the food processing sector .
5 Financial assistance will also be provided to the individual units through this scheme for upgrading their food processing facilities.

ODOP Scheme Benefits
1 Marketing linkages within district, state and outside.
2 Credit-linked capital subsidy @35% of the eligible project cost, maximum ceiling Rs.10 lakhs per unit Beneficiary contribution – minimum of 10% of the project cost, balance loan from Bank.
3 Helps to attract investment in the District to boost manufacturing and exports.
4 To provide an ecosystem for Innovation/ use of Technology at the District level to make them competitive with domestic as well as international markets.
5 Seed capital is provided at Rs. 40,000 (US$ 535.2) per SHG member involved in food processing. The capital is to be utilised for working capital and buying small tools.Seed capital is provided at Rs. 40,000 (US$ 535.2) per SHG member involved in food processing. The capital is to be utilised for working capital and buying small tools.

AIF Scheme Benefits
1 Strong potential in improving performance.
2 Improve avenues for collaboration between entrepreneurs and farmers.
3 Entrepreneurs can incorporate innovation in the agriculture sector by introducing new-age technologies.
4 Under the scheme, banks and financial institutions will provide Rs. 1 Lakh Crore as loans with interest subvention of 3% per annum and credit guarantee coverage under CGTMSE scheme for loans up to Rs. 2 Crore.This subsidy will be accessible for a maximum of seven years.
5 Moratorium for repayment under this financing facility may vary subject to minimum of 6 months and maximum of 2 years.