FOOD PROCESSING POLICY – 2017

FOOD PROCESSING POLICY – 20172018-06-04T09:00:27+00:00

Capital Investment Subsidy

  • 25% of capital subsidy on expenditure incurred on plant machinery and technical civil work, subject to a maximum of Rs. 50 lakhs in all the districts of the state.

    In case the funds from the known sources are available with the entrepreneur, there will be no compulsion for availing the loan.

  • under the Pradhan Mantri Kisan Sampada Yojana Scheme for (Agro-Marine Processing and development Agro-processing Clusters) of Government of India, an additional capital investment subsidy at the rate of 10% of the cost of plant machinery and technical civil works to the fruits & Vegetables Units for setting up of new unit/expansion and modernization will be provided.

  • The Mega Food Park project sanctioned for Uttar Pradesh under the Pradhan Mantri Kisan Sampada Yojana, Government of India with a minimum capital investment of Rs. 50 crore and above, an additional subsidy at the rate of 10% of the project cost will be provided by the State Government.

Interest Subsidy on Loans

  • Loan taken from banks/financial institutions for meeting the expenditure on plant machinery, technical civil works and spare parts

Sr. No. Type of Unit Interest Subsidy @ Duration Maximum Limit
1 MSME 100% rate of interest 5 years No Limit
2 Other Units 7% 5 years Rs. 50 Lakhs/year

If the unit has availed loan and applies for capital and Interest subsidy then the maximum amount including the interest subsidy will not exceed the limit of Rs. 250 lakhs in the period of 05 years.

Interest Subsidy for Purchase of Reefer Vehicles & Mobile Pre-Cooling vans

  • Interest subsidy @ 7% or the actual interest rate, whichever is less, for a period of 05 years. Its maximum limit will be Rs. 50 lakhs.

Promotion of Standardisation

  • For the purpose of standardization of products as per internationally accepted quality norms, environmental certification and accreditation such as ISO:14001, ISO:2200, HACCP, Phytosanitary certification etc., the state government will provide 50% as fee reimbursement subject to a maximum of Rs. 1.50 lakhs.

Provision for Patent/Design Registration

  • 75% of the fees paid by food processing units to the authorized organizations/institutions subject to a maximum of Rs. 1.50 lakhs will be reimbursed as a subsidy as a onetime support to the food processing industries for registering their patent/design.