Uttar Pradesh Government has announced new Dairy Policy 2022 under which several benefits are available for setting up new and expanding existing dairy units.
Eligibility:
- All new Dairy Units established after 17 October 2022.
- All expansion projects after 17 October 2022 in existing Dairy Units
Benefits:
- Capital Investment Subsidy of 10%. For Example if you invest Rs 10 Crore in plant and machinary than government will provide Rs 1 Crore as subsidy.
- Maximum Subsidy amount is Rs 5 Crore.
- Both milk processing and milk products manufacturing units are covered.
- Interest Subvention at 5% for the maximum period of 5 years. For Example, if bank loan rate of interest is 8% than 5% interest will be provided as subsidy and unit have to pay only 3% interest on loan.