All new Food Processing Units can avail Subsidy from Government under Food Processing Policy 2022.
Benefits:
- Capital Subsidy of 35% for New Units. For Example if you are investing Rs 1 Crore in Plant and Machinary than government will provide Rs 35 Lakh as subsidy.
- Maximum Subsidy of Rs 5 Crore can be availed.
- Capital Subsidy of 25% for expansion of existing units.
Eligibilty:
- All New Food Processing units setup after 02 Feb 2023.
- All expansion done in Food Processing units after 02 Feb 2023.
- Units have to apply before starting investment.